Terminate Eldershield supplement

[exterminazn]

I don't think you can mix ES supplement with CSL, but have you checked with your insurance?

Yes can mix

 

[qhong61]

With Careshield Life, it will be $2k a month at least and I guess it should be sufficient for a very basic helper.

My worry is Careshield Life's premium could escalate given our ageing population and inflation.

Looking at the premium and payout structure, I think Careshield Life is not sustainable in 10 years. The premium could see a big annual increment by then.

Why is ur careshield life payout $2k? Thot only $600k. How old are u? How much is ur premium?

 

[andyhtc]

Why is ur careshield life payout $2k? Thot only $600k. How old are u? How much is ur premium?

Careshield from the government from $600 + supplement from insurance company $1,300.

 

[qhong61]

Careshield from the government from $600 + supplement from insurance company $1,300.

I see. Thanks.

 

[zoneguard]

I think real inflation is higher than 2%. So in fact, $600 a month is losing value from year 1.

If inflation is higher than 2%, the total payout adjusted to today's dollars will be even lower so factor that into your plans.

 

[qhong61]

As the government moves eldershield to careshield, I have eldershield supplement bought in the past with income, I plan to terminate eldershield supplement and not to purchase careshield supplement anymore with Income, can I do that?

Did u terminate

 

[demoforce1]

Did u terminate

no, just leave it roll

 

[qhong61]

no, just leave it roll

Thanks.
But why?

 

[qhong61]

I decide to continue my eldershield supplment for three ADL for now.