I had wrote about Eldershield several times in my blog but nothing mentioned about the supplements. A lot of people are already confused with Eldershield, not to say about the supplement. Even many advisers are confused about these plans.
Today, I like to share a bit about it and the difference between 3 insurers providing this insurance.
In my comparison, I'd used a few assumptions:
a) Disability Period = 10 and 15 years (Amount paid out)
b) Presuming disabled at an age of 72
c) The insured is 50 years old today when he/she take up this plan
d) Total Premium paid will be from age 50 to 72
The Yellow Portion is the part payable via Basic Eldershield.
The Green Portion is the part payable via Eldershield Supplement
The Blue Portion is the extra/bonus payout from the Supplement plan
NTUC Income - Eldershield Lifetime Care Series
Strength and Weaknesses of the NTUC Income Plan
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