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Why was the CareShield Life premium payment term extended to age 67?



Starting the CareShield Life premium payment duration at age 30, and ending at age 67 lengthens the premium payment duration. A longer duration of premium payment allows insureds to spread premium payment over more years, so as to reduce annual premiums payable.

The premium payment end age might be subsequently reviewed to take into consideration the changes in the re-employment age. Ample notice will be given to cohorts who are affected by any changes to the premium payment end age.

This information provided here is sourced from the MOH website.

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