Once you’ve taken out an immediate needs care fee payment plan, there’s a cooling off period (usually 30 days), giving you time to change your mind. But, after that, there’s no going back.
You won’t be able to cancel the plan and get some of the money back if, for example, you stop needing care.
You also need to weigh up having a regular, secure income to help pay for care against losing the lump sum you’ve invested if you were to die earlier than expected.
Your care costs might increase faster than the income from you plan. This means you could still have a shortfall in future that you need to meet in other ways.