Using Your Assets
Using your current income
Some people are able to pay for their present and future care out of current income; if you are able to meet the cost of your care from regular income (eg pension + investment returns + net rent from letting your home) then your income may be sufficient to meet the cost for as many years as you need care – even if your care needs (and therefore care costs) increase.
Using your savings
If you need to dip into savings (cash, your home or other financial assets) to meet your care costs, then there is a risk that you may outlive your ability to fund your care in the form and place that you want it. This is a risk you can insure against; but it is not cheap.