Can you imagine what insurance premiums and long-term care costs will be at 16% inflation? If nursing home costs $3,000/m today, at 16% inflation, in 20 years time, it will cost $58,000/m! This is definitely an exaggeration, but it's just to illustrate how significant a 16% inflation actually is. This is precisely why there is [...]
Most important changes in your Eldershield plan to the new Careshield plan summarized and explained.
A common question by clients I meet is how much inflation do we need to factor in when planning for the future.
What exactly is Careshield Life and how does it affect me?
So the government Eldershield Review Committee has submitted its recommendations and we are potentially looking at significant changes to this scheme that will affect all Singaporeans. So what does this mean for all of us?
Confused about Medishield Life and the various Integrated Shield Plans? Here are the 4 main considerations for you when deciding whether you need IPs.
You may have reasoned that your parents never had critical illness insurance, so why do I need one? Here's why.
In case you don't already know, Medishield Life took over Medishield starting 1 Nov 2015. You may be wondering what this is all about and whether you should be concerned. Well, I've summarized the main things you need to know about this CPF update.
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