With Singaporeans’ life expectancy among the highest in the world, at 81.4 and 85.7 years for men and women respectively, there is a growing need to plan for healthy, peaceful ageing. Fortunately, Singapore citizens and permanent residents are covered by CareShield Life, a long-term care insurance scheme that provides some financial protection if one becomes severely disabled in old age. Singaporeans and permanent residents born in 1979 or earlier, and who aren’t severely disabled, can sign up for CareShield Life from 6 November 2021 onwards. If you were born after that, it’s mandatory and you’re signed up by default. Here’s what you need to know about CareShield Life: What is CareShield Life? CareShield Life is a disability insurance scheme that provides basic financial support in the event that you become severely disabled, especially during old age, and require personal and medical care for an extended period (i.e. long-term care)....