Successful CareShield Life claimant can receive monthly payouts for as long as they develop severe disability and remain insured under CareShield Life. This is designed to provide better protection against the uncertainty of long-term care costs.

 

The monthly payout is $662 in 2025, and increases annually until the insured reaches age 67 or makes a successful claim, whichever comes first.

 

For example, if a 30-year-old individual joins CareShield Life in 2020, develops severe disability and makes a claim in 2025, he/she will receive $662 per month for the entire duration of severe disability. However, if a 30-year-old individual joins CareShield Life in 2020, and only develops severe disability at age 67 or later, he/she will receive $1,200 per month upon a successful claim, for the entire duration of severe disability.

 

For insureds born in 1954 and earlier who joined CareShield Life at age 67 or above, the monthly payout will be fixed at $612 per month once a successful claim is made.