May I upgrade CareShield Life to get better coverage?
CareShield Life is intended to provide basic financial protection for long-term care needs, together with other long-term care financing sources, such as Government subsidies and assistance schemes, community support, personal savings, family support and Government-funded safety nets. If you wish to have additional coverage on top of what CareShield Life provides, you may wish to discuss with your financial advisor on a supplement plan that private insurers offer.
Related questions
Why not allow insureds to choose from different plans depending on their ability to pay?
CareShield Life is still targeted at those with severe disability . Why was this retained?
How do the CareShield Life premiums and payouts compare against Supplements and other private long-term care insurance plans?
Can there be lump sum payouts / death benefits / “No-claim Bonus” to incentivise healthy living / 2 ADL criteria for CareShield Life?
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