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My Thoughts About CareShield Life, What Are Yours?

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PFPFA Presents Long Term Care Webinar : My Thoughts About Careshield Life, What Are Yours?

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Are you aware that 1 in 2 healthy Singaporeans age 65 and above could potentially become severely disabled in their lifetime, and may need long-term care. Severe disability may arise due to a sudden event (e.g stroke or spinal cord accident), a worsening of chronic medical condition (e.g diabetes), or the progression of illnesses as we age (e.g dementia)

It is important that we plan early for our future long-term care needs, but working out how much to set aside can be difficult since the cost of long-term care is uncertain. Careshield Life, a government scheme, provides financial protection against long-term care costs (basic personal and medical care for a prolonged duration) of Singaporeans/Permanent residents in the event of severe disability

In this session, you will understand:

- The basic of Careshield Life: What is Careshield life, Why do we need Careshield life, Who does Careshield life covers?

- Assessment of Activities of Daily Living (ADL) in severe disability

- Long term care costs in Singapore

Also, we will be answering the burning questions on the following:

- If you are under Eldershield scheme, should you upgrade to Careshield life?

- If you have an existing life insurance, do you still need Careshield Life?

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