freespiritsy
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I got it from the "PrimeShield Product Summary" here.
tks. But couldn't locate the premiums for $1K payout.
I got it from the "PrimeShield Product Summary" here.
For eg for the Aviva one, there's 2 premiums indicated for each gender, which's wrong. There is a 12-yr option (but I don't understand why it's up to 66 yrs, shldn't be it 40 + 12 = 62 yrs, unless it takes into consideration someone signing up only at 44 yrs?) It only indicates for mthly payout of $600 only. Perhaps for other amts, I will need to separately get a quote from Aviva.
For the Great Eastern n NTUC one, very confusing as one will need to calculate as it's by for every $100 or every $500. Seems there's no 12-yr option with these 2 companies.
tks.
tks. But couldn't locate the premiums for $1K payout.
I am looking at page 4 of that product summary, the table titled "PrimeShield Annual Premium Rates (If you are on Basic ElderShield 400)". From there you can choose what age to enter and what monthly benefit you want, and that determines the premium you pay. $659.20 for a female entering age 40 and $1k monthly payout, for example.
From what I can tell from the MOH comparison, that 12-year period for Aviva refers to the benefit period, not the premium period.
For example, as a male who enters into the policy at age 40, I pay $229 per year from age 40 up to maybe age 65. I can claim anytime in my life (because coverage is lifetime), and when I do I get $600 monthly benefit for 12 years.
On the other hand, if I choose the option to pay $276 a year from age 40 to maybe 65, I will get the $600 monthly benefit for life if I successfully claim. This rate of $276 is similar to NTUC's $277.20 (male, entry age 40, premiums payable until 65, lifetime benefit upon claim).
The basic ElderShield is now $400 monthly benefit for 6 years. With these supplements you can extend either the benefit amount or the benefit period or both.
tks. there's also a $153 and $176. so wat's the diff?
"Lifetime premium period, 12 years benefit period: $153(M); $186(F)"
"Lifetime premium period, lifetime benefit period: $176(M); $221(F)"
Probably as it says, premiums are payable every year for life rather than for 20+ years.
Hi,
I believe only NTUC Income and Aviva offers Eldershield.
My other half just turned 40 yrs and has received a letter from NTUC Income asking him to sign up for Enhanced Eldershield as he is currently a NTUC Enhanced Medishield member.
Should my other half sign up for enhanced Eldershield? Am thinking it might make sense as we are single income with no children. I believe he has to pay $500+ annually to subscribe for it.
If it is yes, any difference between NTUC Income and Aviva's enhanced Eldershield?
tks.
likely most who are serious and aware of the importance of health insurance already bought those plans with cpf $$
daily cash is a rider right? can pay with CPF?
only ntuc offers daily cash rider .. if can pay using cpf, can insured with enhanced shield from other company purchase?
any other protection/health plan that can use cpf $$?
My personal strategy:
Since CPF money is restricted to only certain use, squeeze as much value as you can.
i) DPS (via OA)
The only term insurance you can buy with CPF. Keep the plan at least until the mid-40s while covering the $46k elsewhere using private insurance. When the premiums get unbearable in your old age, just terminate it.
ii) Medishield (via Medisave)
Upgrade to the best medical plan possible you can afford and buy the riders in the following order of importance:
i) Cover deductible;
ii) Cover co-insurance;
iii) Cover daily cash
When the premiums become unbearable in your old age, downgrade progressively.
iii) Eldershield (via Medisave)
Get as much Eldershield supplements as you can given the $600/year medisave limit. Try to push for at least $800/mth benefit should you need to claim. Top up a little cash if needed.
When the premiums become unbearable in your old age, just do a "paid-up". The benefits would be pro-rated accordingly.
Hope this helps!
My personal strategy:
Since CPF money is restricted to only certain use, squeeze as much value as you can.
i) DPS (via OA)
The only term insurance you can buy with CPF. Keep the plan at least until the mid-40s while covering the $46k elsewhere using private insurance. When the premiums get unbearable in your old age, just terminate it.
ii) Medishield (via Medisave)
Upgrade to the best medical plan possible you can afford and buy the riders in the following order of importance:
i) Cover deductible;
ii) Cover co-insurance;
iii) Cover daily cash
When the premiums become unbearable in your old age, downgrade progressively.
iii) Eldershield (via Medisave)
Get as much Eldershield supplements as you can given the $600/year medisave limit. Try to push for at least $800/mth benefit should you need to claim. Top up a little cash if needed.
When the premiums become unbearable in your old age, just do a "paid-up". The benefits would be pro-rated accordingly.
Hope this helps!
Hi,
I believe only NTUC Income and Aviva offers Eldershield.
My other half just turned 40 yrs and has received a letter from NTUC Income asking him to sign up for Enhanced Eldershield as he is currently a NTUC Enhanced Medishield member.
Should my other half sign up for enhanced Eldershield? Am thinking it might make sense as we are single income with no children. I believe he has to pay $500+ annually to subscribe for it.
If it is yes, any difference between NTUC Income and Aviva's enhanced Eldershield?
tks.
OT abit.. Seems like no one brought up PruShield. Why ar?
Becoz PruShield is a medical insurance whereas eldershield is a long term care disability income plan.
Perhaps you have misread and thought they wrote medishield. It can be confusing becoz everything also shield. lolx.