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  JHG - The scheme will be voluntary and works just like insurance. People take out life assurance now in the hope that the premiums will be wasted but do so to protect their families from the financial consequences of death. You pay your premiums and at the end of the term get nothing back. No-one these days would be silly enough to get investment based life assurance like endowments.
  
  The long term care proposals are exactly the same principal. It sounds like a very good scheme to me and a lot of people can and will be able to affford it, at least those for whom it is worthwhile.

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