Are you concerned about your parents’ future?

Recent research suggests offspring, with parents aged over 60, should be more concerned about their parents as they enter their golden years, for example:

• 78% do not think their parents are struggling financially.
• 70 % don’t worry about their parents finances, believing them to be well provided for in retirement.
• 61% don’t know what their parents’ annual income is.
• 76% hadn't discussed their parents’ finances with them.
• 46% believed their parents hadn’t made any sacrifices to maintain their lifestyle.

Source: Offspring Omnibus Survey, October 2007

Equity release is one of a number of options your parents may want to think about. It's a way of unlocking some of the capital in their home and turning it into cash. Taking out a cash lump sum, plus our costs, will reduce the value in your parents' home. Your parents won't have to pay any tax on the amount they receive, but it may affect their entitlement to tax and means-tested benefits.

We make it easier as our team of financial advisers will meet your parents in their home, at a time convenient for them, explain the features and risks and tell them if it is right from them, or if it isn't. We encourage all family members to attend the appointment so you can ask any questions you might have and support your parents' decision. Please note, we can only offer advice on products sold and marketed by Norwich Union.

This is a lifetime mortgage or home reversion plan. To understand the features and risks, ask for a personalised illustration.

WC07033 01/2008