An Immediate Care Annuity is one way of providing for care fees, or a proportion of them, and usually offers security of income. The annuity is purchased with a lump sum and an agreed income is then provided for the remaining life of the person receiving care. There are various options that can be built in to the annuity, for an additional cost, for example the annuity can be set up to increase in payment each year (as care fees are also highly likely to increase each year).