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Protect Yourself Against Long-Term Disability Costs: Review of Income’s Care Secure
By Singapore's Budget Babe  •  November 4, 2021
By 2030, 1 in 2 healthy Singaporeans aged above 65 are expected to become severely disabled by the end of their lifetime.. We can no longer afford to ignore protection for long-term care and what it'll cost us, but will relying on CareShield Life be enough? If you're looking to insure yourself against this potential financial burden, check out Income's Care Secure. When our government decided to implement CareShield Life as a mandatory national insurance scheme for all Singaporeans aged 30 onwards, I knew we could no longer afford to ignore the issue of long-term care and its costs. There are generally 6 types of ADLs being assessed:   Source: Care Secure brochure Unfortunately, CareShield Life does not cover you in the event of moderate disability where you are unable to carry out 2 ADLs independently... However, even though you don't qualify for CareShield Life payouts at this stage, you're likely to...
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By Singapore's Budget Babe
Budget Babe is an ordinary lady striving to achieve financial freedom in Singapore before the age of 45. She is always looking for cost-effective ways to live a fulfilling life in amidst Singapore's rising costs, and writes in order to empower fellow Singaporeans on taking charge of their own lives and finances. The final goal is to eventually break free from the competitive rat race. Will I meet you there? ...
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