
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)
What does it cover?
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It covers severe disability, defined as being unable to perform 3 out of 6 Activities of daily living (ADLs)

Dependent Benefit if you have dependents
How can you MAXIMISE your coverage​
Get a Careshield life supplement
Up to Additional $5000 coverage
20% Perpetual discount
Use medisave to pay for the premiums
Get payout when you cant fulfill 2 out of 6 ADL
Premium waiver when you cant do 1 out of 6 ADL
Caregiver Benefit if you are a certified caregiver
