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“I am just in my early or mid-thirties, is it really necessary for me to procure a disability insurance right now?
“Isn’t disability or health deterioration age-related?” If you find yourself asking these questions (or similar ones) when your insurance agent suggested looking into disability insurance, you aren't the only one. Life is full of uncertainties. I'm sure we can all agree to that. There are far too many incidents that can attest to that. For instance, someone as young as 30 years old meeting with a serious accident, or even what seemed like an innocuous simple fall but yet tragically left one permanently disabled. The avalanche of hefty medical bills or care-giving expenses that comes after would be subtly suffocating, not to mention emotional traumas. Obviously, having an adequate insurance might not be of any help with regards to emotional traumas but it will certainly help ease some of the financial stress. This is where CareShield Life comes in. Some of key benefits provided by CareShield Life are:
If you think that the benefits provided by CareShield Life might not be adequate in the event of severe disability, you can consider taking up supplements, which are plans that complement CareShield Life by offering additional benefits such as higher monthly payout amounts. Premiums of supplement plans can by paid by cash or by using your own or family member's (e.g. spouse, parents or children) Medisave, up to a limit of $600 per calendar year per person insured. May hay while the sun shines. Likewise, make plans when we are still able to, not when it is too late.
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With effect from 10 May 2019, buyers will be able to utilize more of their CPF for home purchases as long as the remaining lease of the home can cover the youngest buyer until at least the age of 95.
Is it really a challenge to retire in Singapore?
Judging by the results gathered from many surveys by the various financial institutions & insurance companies, it certainly seems so. As part of a larger strategy to ensure healthcare costs remained affordable and sustainability of the healthcare system, the Ministry of Health (MOH) has published fee benchmarks for 222 common surgical procedures by private surgeons.
Singapore's property market got a shock when the Government unexpectedly introduced yet another round of cooling measures with immediate effect from 5th July 2018.
There are 2 types of CPF Housing Grants available for first-timer applicants of HDB Flats:
Dementia, once regarded as a medical condition affecting mostly those aged over 65, has seen an increasing number of younger patients over recent years.
In fact, in an article published by TODAY's SINGAPORE in year 2017, it was reported that the increase in number of such younger patients was as much as five-fold from year 2011. More concerning is that the number of people living with Dementia is expected to double by 2030. Recently, Channel News Asia carried a report "He's 48, and already grapping with dementia". China has risen to become a superpower in recent years.
In fact ,according to a posting on the U.S.-China Economic & Security Review Commission, the policies outlined in the 13th Five-Year Plan seeks to create new Chinese competitors that will be able to challenge U.S. companies abroad, while slowly closing market opportunities in China for U.S. & other foreign firms in important high-tech sectors such as bio-pharmaceuticals, robotics & aviation. Came across this article on Yahoo Finance recently & got concerned on a couple of points brought up.
National Development Minister Lawrence Wong has cautioned home buyers not to assume that all old Housing Board flats will be automatically eligible for the Selective En bloc Redevelopment Scheme (Sers).
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Jason Ow S. H.Senior Financial Consultant Archives
September 2022
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