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In the event of severe
disability, care from one's home, a nursing home or
community hospitals over an extended period of time
may be required. Such long-term care can be costly and
last for a prolonged period of time.
Severe disability insurance
can help you pay for such expenses with monthly cash
payouts.
ElderShield is a form
of severe disability insurance introduced by the Ministry
of Health (MOH) since 2002 to provide the basic level
of protection against severe disability.
To ensure you are
fully protected, you can tailor ElderShield's basic
protection with Supplements
to meet your needs.
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Severe disability can
happen to anyone, at any age. Chronic illnesses, accidental
injuries or age can all lead to disability which impacts
you and your family's lifestyle. When this happens,
the care needed can be costly and last for a prolonged
period of time, leading to mounting medical bills that
become an escalating burden to your loved ones.
Simply put, if you do
not have enough savings to pay for long-term care for
an indefinite period of time on top of continuing to
support yourself and your family, you should seriously
think about severe disability insurance.
No one can predict
the future. But that doesn't mean we can't prepare for
the unexpected.
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Source: 1999 Inter-Ministerial Committee on Health Care
for the Elderly
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