There are different private insurance plans on the market. Most cover total and permanent disability or are meant to insure against loss of income when an individual becomes disabled and is unable to work. As such, private insurance plans typically cease coverage between ages 60 to 70 when most insureds retire. CareShield Life however, provides coverage for life and ensures that an individual will receive coverage even if the individual becomes severely disabled in their later years.

In addition, unlike private insurance products which cease coverage if insureds are unable to pay the premiums, under CareShield Life, coverage will not cease if an individual is unable to pay premiums due to financial difficulties. The Government will provide premium subsidies and additional premium support.