What is CareShield Life and how does it fit into your long-term care plan?

What is it? ​​

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• It’ll be mandatory for anyone born in 1980 or later (ElderShield is an opt-out scheme)

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• Premiums start from age 30 (10 years earlier than with ElderShield)   

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• It gives higher monthly payouts (starting at S$600 a month, compared to S$300-400 a month with ElderShield)

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• It gives up to a lifetime of payouts, as long as you remain severely disabled (compared to up to 72 months now with ElderShield) 

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• Its payouts will increase over time  until a claim is made (ElderShield payouts are fixed)

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• Its premiums increase with age (ElderShield premiums stay constant)