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March 2022

5 reasons why you should get disability insurance even if you are healthy and young

You might think that disability insurance is for when you are older and your health is in decline. Here are 5 reasons why maybe you shouldn't.

Published 11/03/2022 | Last Updated 106 days ago

5 reasons why you're never too young to get disability coverage

1) Disability does not discriminate

 

It doesn't matter if you have an 8-pack, or if your health report has zero red marks. Accidents and illnesses can happen to anyone, at any time which may lead to disability.

 

2) The odds will surprise you

 

According to a study done by the National Council of Civil Service (NCSS), around 1 in 30 Singaporeans aged 18 - 49 are suffering from some form of disability*.

 

3) Prepare for the worst - permanent or long-term disability 

 

Even with the above odds, when you are young, it can be hard to imagine being disabled for life or for a long time. 

 

4) Younger = Less savings

 

You won’t have as much in reserve to cushion your loss of income. And chances are, your kids won’t be old enough to support you financially yet.

 

5) Younger = More expenses

 

From your childcare fees to housing loan, it is when you are in your prime that the expenses can really pile up. You will need all the help you can get, especially with the added rehabilitation fees. Get an estimate of how much you will need with our Disability Cost calculator.

 

But doesn’t disability insurance add on to those expenses? Not really. Disability insurance is largely affordable. Be prepared in the event of a disability and plan early with GREAT CareShield

 

#Lifeproof your financial future against long-term disability.

 

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