Enhanced Eldershield - Should one go for it?

[freespiritsy]

A disability payout benefit becomes extremely important. This payout allows funds to engage a care giver or even a maid (though a maid is not the best person as they are not trained).

I have an excel done for calculating if the CPF is enough to pay for Shield plans and eldershields. If one is interested, pls pm me.

agree. a maid will not be properly trained. u reckon $1K payout will be enough to hire a care giver?

pls fwd me the excel chart via PM. tks!

 

[FP_IFA]

i know ntuc agent has mentioned previously private home care for nurse approximates $1K a mth.

my financial advisor said it costs about $1.4K mthly for nursing home care.

does anyone know?

Shld i go for NTUC or Aviva?

how much min mthly payout for life shld i go for - $1K or $1.4K in view i need to top up with cash on top of medisave?

$1k or $1.4k, 10 years from now it will not be enough as well.

 

[freespiritsy]

$1k or $1.4k, 10 years from now it will not be enough as well.

tks. well ... that i know - bec of inflation, but i will have to pay at least $500 annually on top of $600 Medisave amt if i were to go for say $2000 option

 

[douglas_lee_sg]

Automatic deduct from Medisave

I was surpised, when i receviced AVIVA letter, stated, they shall deduct $174.96 from my Medisave.

Since the first few letter, i totally ignore, their letter.
But i didnt sign up the form...
Why they can automatically, deduct money from my Medisave..
?!?!?

 

[FP_IFA]

I was surpised, when i receviced AVIVA letter, stated, they shall deduct $174.96 from my Medisave.

Since the first few letter, i totally ignore, their letter.
But i didnt sign up the form...
Why they can automatically, deduct money from my Medisave..
?!?!?

If you don't want you have to reply the letter. Its opt out option. I do suggest you don't opt out. Money in medisave helps lesser compared with cash on hand if one is disabled.

 

[bigmice]

I was surpised, when i receviced AVIVA letter, stated, they shall deduct $174.96 from my Medisave.

Since the first few letter, i totally ignore, their letter.
But i didnt sign up the form...
Why they can automatically, deduct money from my Medisave..
?!?!?

If you are not option out, will regard you join the scheme by default.

 

[autumnsil]

Hi all,

This is an old forum. Not sure if any of you still read it.

So far, anyone any regrets or any comments to make regarding their Eldeshield?

Did you all get the lifetime or limited years of coverage?