S1E96: The ABCs of disability insurance plans: BT Money Hacks Ep 96
BT Money Hacks23 Touko 2021

S1E96: The ABCs of disability insurance plans: BT Money Hacks Ep 96

Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips.

This week's episode looks at how disability insurance and long-term care aren’t on the radar of many. Find out why this should be on your must-do list during this pandemic, in this episode brought to you by Great Eastern: https://www.greateasternlife.com/sg/en/index.html

BT's digital editor Chris Lim hosts Colin Chan, managing director of Group Marketing at Great Eastern, who explains the following:

  1. Can you ever be too young to worry about disability insurance (1:48)

  2. What is a "living" benefit, and why this is key if you have a longer runway of potential needs (2:52)
  3. Many young people suffer disabilities caused by accidents and unforeseen circumstances (3:15)
  4. Calculating long-term care costs in Singapore (5:50)
  5. How a 30-year-old can use CPF Medisave to pay for premiums up to $600 a year, including a yearly cash top-up for higher monthly payout benefits (6:47)

    Great Eastern: https://www.greateasternlife.com/sg/en/personal-insurance/thelifecompany.html

    Great Eastern’s Live Lifeproof with GREAT CareShield: https://www.greateasternlife.com/sg/en/personal-insurance/our-products/health-insurance/great-careshield/disability-support.html

    Great Eastern’s Disability Coverage Calculator: https://www.greateasternlife.com/sg/en/personal-insurance/understand-insurance/financial-tools-to-know-what-you-need/disability-income.html

    Produced by: Chris Lim and Ernest Luis

    Edited by: Adam Azlee

    Follow BT Money Hacks podcasts every first and third Monday of the month, and rate us on:

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    Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser.

    ---

    Discover more BT podcast series:

    BT Mark To Market Podcast on: http://bt.sg/btmark2mkt

    WealthBT Podcast on: http://bt.sg/btwealthbt

    BT Podcasts on: http://bt.sg/podcasts

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