If you have not read our article on ElderShield, do read it up here.
On the surface, it can be quite confusing. Yet, if you consider it carefully, the main trade-offs are only between the amount of premium you are willing to pay, how much monthly payout you want and how long you want to pay the premium (if you have a choice).
Thus, this checklist is designed to help you find the “sweet spot” of upgrading to the maximum amount of cash payout and having the premium payment limited to only a fixed number of years instead of lifetime premium payment while keeping the premium to the CPF approved limit of $600 a year.
Before you go ahead and download the checklist, here are a few points to note:
- This checklist is based on you having a current ElderShield 400 plan
- The illustration is based on comparison of plans offered by 2 insurers
- The information is correct as of 25 Apr 2016