Long-term care planning

Common misconceptions of long-term care planning and how to deal with them

What is long-term care?

Long-term care is the help you'll need for personal tasks like feeding and moving around should you become severely disabled. 

What is severe disability?

What causes severe disability?

What's the cost of living with a severe disability?

Understanding CareShield Life

To help you prepare better for your future long-term care needs, the government launched CareShield Life - a new national long-term care insurance scheme - on 1 October 2020.

Learn more

Misconception: Customer don't see the need to act on long-term care planning

Here are resources you can use to educate your customers that severe disability can happen to anyone at any age and planning for long-term ahead of time will ensure that they'll receive the care they deserve without financial burden. 

Your response

Severe disability can be the result of a stroke, the progressive worsening or complications of chronic illnesses such as diabetes, or physical weakness due to ageing. While health issues like diabetes and stroke are more common during the advanced years of life, the truth is, they can affect anyone, regardless of age.

Speak to me to find out about long-term care financing options. 

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Your response

With a CareShield Life supplement, you can transfer long-term care costs to your insurer in the event of severe disability. So, you can stay financially in control while having access to quality care you need.

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Your response

You’ve probably been hearing more about CareShield Life these days. But how much do you really know about severe disability and long-term care costs?

Read this infographic to find out. I’d be happy to explain in more details too. 

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Your response

According to the Minstry of Health, 3 in 10 people could remain severely disabled for 10 years or more.* Your ElderShield or CareShield Life cover will give you basic payouts in the event of severe disability, and with a supplement, you’ll get higher payouts with more comprehensive coverage. That way, you’ll have finances for your needs for as long as severe disability persists – even if it’s for life – and the freedom to focus on your health. Speak to your financial adviser representative about supplement options today.

*Source: www.careshieldlife.gov.sg/long-term-care/planning-ahead

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Misconception: Customers aren’t concerned about long-term care planning and think they already have sufficient insurance coverage plus more coverage is more expensive.

Here are resources you can use to respond to your customers.

Your response

With a CareShield Life supplement, you can transfer long-term care costs to your insurer in the event of severe disability. So, you can stay financially in control while having access to quality care you need.

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Your response

You’ve probably been hearing more about CareShield Life these days. But how much do you really know about severe disability and long-term care costs? Read this infographic to find out. I’d be happy to explain in more details too. 

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Relevant articles

Misconception: It’s expensive to pay for long-term care insurance. 

Here are resources you can use to respond to your customer.

Your response

With a CareShield Life supplement, you can transfer long-term care costs to your insurer in the event of severe disability. So, you can stay financially in control while having access to quality care you need.

An accompanying image

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