Getting enrolled into Careshield life got me thinking about my preferred care choice if I were to become severely disabled. I believe I would still want to live at home, close to my loved ones but at the same time, I can only imagine how physically and emotionally taxing it would be for the caregivers.
Money and insurance will not stop us from falling sick. But I guess a little financial help will help things a little. For example, having enough payout to
(1) Replace active income during income earning years
(2) Pay for the additional expenses of a helper/nurse to assist with the caregiving
At least with the above, there will be one less thing to worry about.
There are currently 3 insurers providing the enhancement – Aviva, Great Eastern & NTUC. The main benefits are similar (you get a higher monthly payout and you can get the payout even if you are only unable to do 2 out of 6 ADLs). Fringe benefits do differ though. So it’ll be great to talk to someone (ask me) to find out more about the plan that suits you the most.
CFP, representing Financial Alliance 