This episode looks at how disability insurance and long-term care aren’t on the radar of many. Find out why this should be on your must-do list during this pandemic, in this episode brought to you by Great Eastern.
BT's digital editor Chris Lim hosts Colin Chan, managing director of Group Marketing at Great Eastern, who explains the following:
Can you ever be too young to worry about disability insurance (1:48)
What is a "living" benefit, and why this is key if you have a longer runway of potential needs (2:52)
Many young people suffer disabilities caused by accidents and unforeseen circumstances (3:15)
Calculating long-term care costs in Singapore (5:50)
How a 30-year-old can use CPF Medisave to pay for premiums up to $600 a year, including a yearly cash top-up for higher monthly payout benefits (6:47)
Listen to the podcast.
This podcast was first published on BT Money Hacks on 24 May 2021.