Careshield Life Supplement

[a4973]

Definitely else why the question being ask

i think what the poster meant is that the underlying medical conditions are referring to specific medical conditions and his example of "cholestrol, hbp" were not asked hence his uncertainty.

 

[boredboiboi]

i think what the poster meant is that the underlying medical conditions are referring to specific medical conditions and his example of "cholestrol, hbp" were not asked hence his uncertainty.

Not sure about GE. I rmb there is question ask on the 3 highs. Got client being rejected b4.

 

[qhong61]

when applying careshield life supplment with GE, it seems they don't ask a lot of questions regarding underlying medical conditions where u need to fill in many forms. instead a few key questions like the following

Do you suffer from, or have you been treated for, or advised by any medical practitioner to seek medical attention for the following conditions:

• Cancer, diabetes, heart diseases, spinal conditions
• Stroke, depression, nervous breakdown, paralysis
• Kidney diseases, liver diseases, lung diseases, arthritis
• Dementia, alzheimer's disease, parkinson's disease, multiple sclerosis and motor neurone disease

would it be a problem one day if you need to claim because u didn't have to make declaration of your chronic problem like cholestrol, hbp ?

Yes

 

[The_Davis]

I am actually thinking of paying till 100. Because the monthly premiums will be lower thus it is more worth if i claim earlier (say 50 or 60). I am 35 now.

Am i missing out on any disadvantages?

I believe I can live till 500. Can pay monthly till then? Hope will have cheaper monthly payments

Jokes aside. How to pay till 100?

 

[a4973]

Yes

so in the above example, though no mention of cholesterol and hbp in the underlying medical conditions questions but one should tell the agent "no to all the above but i have cholesterol & hbp"?

 

[reddevil0728]

I believe I can live till 500. Can pay monthly till then? Hope will have cheaper monthly payments

Jokes aside. How to pay till 100?

what do you mean by "how to pay till 100?" just pay?

 

[boredboiboi]

I believe I can live till 500. Can pay monthly till then? Hope will have cheaper monthly payments

Jokes aside. How to pay till 100?

There are 2 options, pay till 65 or till 100. With the same premium, of course pay till 100 will give u higher coverage

 

[The_Davis]

There are 2 options, pay till 65 or till 100. With the same premium, of course pay till 100 will give u higher coverage

Oh this is for pte insurer?

 

[exterminazn]

I believe I can live till 500. Can pay monthly till then? Hope will have cheaper monthly payments

Jokes aside. How to pay till 100?

GE can pay till 67 or 95

so in the above example, though no mention of cholesterol and hbp in the underlying medical conditions questions but one should tell the agent "no to all the above but i have cholesterol & hbp"?

Can still declare on a form to play safe

 

[boredboiboi]

Oh this is for pte insurer?

The upgraded portion =)

 

[qhong61]

so in the above example, though no mention of cholesterol and hbp in the underlying medical conditions questions but one should tell the agent "no to all the above but i have cholesterol & hbp"?

Be truthful

 

[a4973]

Be truthful

It's not a matter of being truthful, if the underwriting questions are as shown in the post there is no mention about cholesterol and hbp so how does truthfulness come into play?

 

[qhong61]

It's not a matter of being truthful, if the underwriting questions are as shown in the post there is no mention about cholesterol and hbp so how does truthfulness come into play?

They will check ur record with hospital or clinic when u need to make claim.

 

[qhong61]

i think what the poster meant is that the underlying medical conditions are referring to specific medical conditions and his example of "cholestrol, hbp" were not asked hence his uncertainty.

My GE agent even request for my chlolesterol and blood test and high blood pressure result when I enquire abt the careshield supplement plan. Though I'm already their eldershield supplement customer since 2014.

 

[a4973]

My GE agent even request for my chlolesterol and blood test and high blood pressure result when I enquire abt the careshield supplement plan. Though I'm already their eldershield supplement customer since 2014.

In your case since the agent had requested for those specific results I wholeheartedly agree to be truthful and provide full disclosure. However if the underwriting questions did not ask for cholesterol and hbp specifically wonder are there cons and disadvantages to disclosing more than asked for?

 

[Nancy Fancy]

I would suggest to fill in the health questionnaire if the existing illness are not asked.... and leave the underwriter to decide.
This will help clear up uncertainties...

 

[Chua Zhiming]

I believe I can live till 500. Can pay monthly till then? Hope will have cheaper monthly payments

Jokes aside. How to pay till 100?

Aviva Mylongtermcare , 98.

 

[reddevil0728]

Noob question: If I'm already paying for enhanced medishield (Prushield) using medisave (ard S$600/year), means I can't use medisave to buy enhanced Careshield Life? Thanks!

separate limit.

 

[boredboiboi]

Noob question: If I'm already paying for enhanced medishield (Prushield) using medisave (ard S$600/year), means I can't use medisave to buy enhanced Careshield Life? Thanks!

U can. Limit for each plan

 

[Happyhappydays]

Perhaps.

Concerned about

1. Is it worth it getting the supplement since we are able to use up to $600 from medisave. (as much as possible, even in future if premium rises I would not want to top up cash).

2. Choosing premium period up to age of 67 or beyond that

Currently shortlisted Aviva since it offers escalating out of the 3 but the claim eligibility would be 3 out of 6 ADLs instead of 2 like the competitors.

Thanks guys.

Circling back to the concern by profU. I have a similar query, assuming I'm looking at GE careshield supplement, how do i decide if i should insure till age 67 or 95? A contributor suggested it is better to "drag out the premium term" or something like that, can I understand why is that better?

I pay less per year (on a fixed basis) if I were to pay for more years till age 95. Shld i think of it as - I shld choose age 95 now, pay the lower premium/year. This is because should i die off at 67, i will have contributed less premiums overall? If i don't die, i can still decide whether to terminate the plan at age 67 if i feel my savings/annuity can cover any ADLs that come up?

Thanks again!