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Your initial policy cover would have been reduced from $700k cos it's a reducing balance. In any case, it's a cheap form of insurance and can supplement your dependents' needs. If you review your needs, the answer should be clearer. i bought a mortgage insurance for $700K (equivalent to the loan amt...

Hi all,

By the way, if you keen on upgrading Eldershield, can always PM me.

We have a team of independent financial advisers to help you.

Hi all, Here are some videos to explain what Eldershield is. http://elder-shield.com/eldershield-videos It talks about: What is Eldershield? http://www.youtube.com/watch?v=eSbEiRp4hhc How it Works? http://www.youtube.com/watch?v=cVu5JWEsFHo What are Activities of Daily Living? http://www.youtube.com...

Yew Meng, ElderShield pays a monthly income in case we are disabled according to 3 (or two) out of 6 ADL. It's important enough, because, almost ALL policies will cease Total Permanent Disability Cover by age 65 (exception Aviva as option to cover till 70). After that age, the only cover for mainten...

Cindy,

In calculating the premiums, it's also advisable to add up ALL the premiums till say age 85 for a fair comparison. Some companies purposely price the younger ages cheaper, but "lock" you in, in the later years.

Drop me a PM if you wish a clearer understanding.

Aviva has 2 riders: Option A: covers the co-insurance (and some other little benefits) Option B: covers the deductible portion If you have employer's cover, there'll be some overlap at the moment. Advantage is that you "lock-in" your current health status. Premiums for riders are payable i...

And just to add a point to Cindy is that there are also itemized limits for surgery (maximum $1,100 claim), kidney dialysis (only $1k/mth) and many more items. You can compare medical plans by clicking on this website: http://www.moh.gov.sg/mohcorp/hcfinancing.aspx?id=11164 A simple upgrade to an as...