Terminate Eldershield

[aarontansp]

I realized that Eldershield payout is not attractive and with upcoming Careshield coming up as mandatory, I am looking to terminate Eldershield due to increased premiums on top of Medishield Life as well.

What are your opinions?

 

[mummynew]

Try to do a ‘migrate’ instead of a termination and restart. Eldershield is one that will load premium if you have certain pre existing conditions. My frn loaded 50% (per year) due to her taking high cholesterol med.

 

[moejoseph]

Eldershield premium should be fix, where do u see that it is increasing?

 

[cheongking888]

I already terminated mine long ago. Eldershield is pretty useless insurance.

You are not wrong.

Eldershield is very difficult to claim.

Hugh Underwriting profit made.

 

[badsector]

I already terminated mine long ago. Eldershield is pretty useless insurance.

its optional. u do not need to terminate it unless u sign up urself to help a friend. an agent

 

[wutawa]

U will need to opt out or u will automatically be covered under eldershield.

 

[jasonlim1988]

You are not wrong.

Eldershield is very difficult to claim.

Hugh Underwriting profit made.

agree .
need to be fully paralyses or 3 or more limbs broken to claim.
2 limbs broken only can't claim.
dead can't claim. really need to be so precise half dead.

the payout is 5/6 years.

 

[wutawa]

Omg, no escape for 1980 n later

 

[Opps-gal]

Should watch talking pt on the caregiver burnout?
https://www.channelnewsasia.com/new...0/how-to-deal-with-caregiver-burnout-11490580
The eldershield/careshield maybe useful, if something bad happen?

https://www.moh.gov.sg/careshieldlife/about-careshield-life