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1 in 2 healthy Singaporeans aged 65 could become severely disabled in their lifetime, and may need long-term care.
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It may seem difficult to picture now, but according to the Ministry of Health, 1 in 2 healthy Singaporeans aged 65 and above could become severely disabled in their lifetime, and require long-term care.You may need help with daily tasks ranging from bathing and dressing to feeding yourself – all forms of long-term care not typically provided by health insurance. Long-term care insurance will help you cover the costs of that care, whether provided at your own home, in a nursing home or at assisted living facilities.
1 in 2 healthy Singaporeans aged 65 could become severely disabled in their lifetime. It’s best to shield yourself early when premiums will be more affordable.
Choose Quality Care
The quality of your care will depend on how much you can spend on facilities and resources. Give yourself a wider range of options with financial backing from your long-term care insurance.
Protect Your Savings
By paying out a monthly benefit, long-term care insurance protects your retirement savings. These payouts complement national schemes like CareShield Life and ElderShield, and can help sustain your financial security.
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Invest in long-term care insurance to secure the necessary care for yourself in your senior years.
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