I SPECIALIZE IN…
Long Term Care Planning
You must know that Singapore is among the fastest ageing countries in the world, and with this phenomenon comes many progressive health conditions such as dementia, Parkinson’s disease, and so on. ElderShield, launched in 2002, is our national severe disability insurance scheme that provides basic financial protection to Singaporeans and Singapore PRs who require long-term care. Nevertheless, ElderShield only started to gain public awareness when it was highlighted during our National Day Rally in 2016.
For you to learn how you and your family members could benefit from the ElderShield and ElderShield Supplement Schemes, I have my written article, ‘What is ElderShield?’, presented in Q&A format for your easy reference.
Retirement planning is more than just developing a steady stream of income. It also requires planning for those uncertain events that threaten a secure retirement. Aging brings with it a variety of retirement risks including escalating healthcare expenses and possible long term care expenses. While these represent significant financial risks for aging retirees, there is another risk, one often misunderstood and overlooked – frailty risk, which can pack a powerful punch to the security of your retirement plan. With that said, retirement and long term care planning have always been intended to go hand-in-hand. You can even say that a retirement plan is incomplete without it.
This is the most fundamental aspect of financial planning for you and your family. Almost everyone is familiar with the term, ‘insurance’. We are all covered under some form of insurance. In case you are not aware, we (Singaporeans and Singapore PRs) are covered under the MediShield Life scheme. Apart from this, I believe many would have purchased their own health and/or life insurance policies. But let’s stop to think, “When things get critical, how healthy is your insurance and/or life policy? In other words, how comprehensive are your health and life insurance protection coverage?
If you are not able to answer these questions, then you will need to look back at your policies, and look at ways to maximize your coverage for full protection. This may seem like a hurdle to cross, but there is no need to be alarmed. I will be more than happy to guide you according to your current abilities and convenience, to build and protect your financial future. Whenever you need my advice, I am only a message away for a coffee and chat.