A consumer asked me - I am covered under permant total disability under a term insurance policy. Should I buy long term care insurance (i.e. private eldershield)?
He is asking the wrong question. The correct question should be - do I need to buy long term care insurance? Am I paying a fair premium? What is the chance of making a claim? Should I be insured, or self-insured?
The anser can be found in this article in the FISCA website - should I buy a supplement to Eldershield?
http://www.fisca.sg/Article.aspx?Keyword=eldershield
He is asking the wrong question. The correct question should be - do I need to buy long term care insurance? Am I paying a fair premium? What is the chance of making a claim? Should I be insured, or self-insured?
The anser can be found in this article in the FISCA website - should I buy a supplement to Eldershield?
http://www.fisca.sg/Article.aspx?Keyword=eldershield
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