Hear Audrina Gan share her story about recent Eldershield Claim Experience for her relative who suffered a stroke recently.
Eileen Soh, ChFC
Director at Avallis Financial. Specializes in helping families, business owners, female professionals on areas : Wealth accumulation & Retirement planning | Family asset preservation | Generational & Legacy Planning
Date : 14 Dec 2020
I spoke with Audrina recently, regards a recent claim experience for her close relative, who suffered from a stroke despite healthy and active lifestyle.
- Is Long Term Care plan same as Disability plan? Answer : No
- Is this plan compulsory? Answer : Yes
- Is the monthly amount sufficient? Answer : No
- Why it is important to upgrade when you are still healthy? Answer : We cannot put a guarantee to our health, you may not be able to enroll into the supplement plan once you have a pre-existing condition.
In view of Singapore's rapidly ageing population and a shrinking working population, Careshield Life / National Long Term Care Plan is certainly important.
FACTS of Careshield Life
1.Automatic enrolment for those aged between 30 and 40, from 1st Oct 2020 onwards
2.Existing ElderShield members can opt to join CareShield Life, from 2021 onwards
3.Inclusive Underwriting – Plan is Administered by Singapore Government.
4.Increasing pay-out amounts over time
5.Premiums for CareShield Life Fully paid By Medisave
6. Carehshield Life is not compulsory for those who are already on Eldershield.
If you have any questions, please feel free to pm me or leave a message. Thanks
My personal favorite quote :
Live my life to the fullest.
Live as if was your last.
So Life and Live, Which is yours? You decide.
After all, I know this will not be the first and surely not the last.
Have you ever been through this and felt a mix of emotions? I would love to hear from all and feel free to share your thoughts.