Should I choose to opt out careshield as the premium is so much more expensive and of longer duration? I am 43 yo.

Careshield not attractive as a disability healthcare plan. With high premium and Low payout

Discussion (1)

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Christopher Tan

26 Jan 2019

CEO at Providend Ltd

Hi anonymous, thanks for your question and sorry for the late reply.

If you are 43 years old, you might have ElderShield already. There is no need for you to opt out of CareShield Life as it is not compulsory for you to participate.

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Understand GE careshield payout for 1 ADL vs NTUC and aviva which is 2 ADL. Does this mean that GE premium will be more expensive or will get more expensive since it can afford to payout only 1 ADL

How much CI/ ECI did you purchase since the premiums are expensive? Based on rule of thumb, 5x annual income but it is very costly to be really fully insured. Do you self-insure partially?

Female insurance premiums are more expensive than males because the former statistically live longer. Is there really a biological correlation between gender and life expectancy? If not, is it fair?

Choosing premium payment duration?

What are your thoughts on female insurance premiums are more expensive than males because the former statistically live longer. Is it fair?