In our line of work, we have conducted countless insurance reviews, and one key area we have observed is that long-term care planning is often neglected or under-planned in the event of severe disability. This issue affects all Singaporeans and permanent residents due to the high financial risk involved. This article aims to help you understand the risk, the financial impact, and how we can be better prepared to deal with it. What is Long-Term Care (LTC)? Long-term care refers to the personal and medical assistance needed when an individual is unable to perform daily “Activities of Daily Living (ADLs)” — such as washing, feeding, dressing, toileting, walking or moving around, and transferring. These are basic self-care tasks, and if a person is unable to perform at least three out of the six ADLs, they are considered severely disabled. Circumstances That Could Cause Severe Disability Severe disability may arise due to several factors, such as:

• Sudden Disabling Events

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