Singlife CareShield Standard and Plus
Two government-approved supplement plans that boost your CareShield Life or ElderShield payouts so that you can get the care you need during unexpected events in life.
Two government-approved supplement plans that boost your CareShield Life or ElderShield payouts so that you can get the care you need during unexpected events in life.
Footnotes
All ages mentioned refer to age next birthday (ANB).
* Activities of Daily Living (ADLs) refer to washing, toileting, feeding, dressing, transferring around and walking or moving around.
1. You are unable to perform at least two (for Singlife CareShield Plus) or three (for Singlife CareShield Standard) of the six Activities of Daily Living (ADLs).
2. Add-on Benefit payouts start when you're unable to perform 2 ADLs for Singlife CareShield Standard and 1 ADL for Singlife CareShield Plus.
3. There are two ways to pay for a limited time; the later of the two options will apply. The two ways are:
a) The Life Assured may pay up to the policy anniversary after they turn 68
b) The Life Assured may pay for 20 years from entry age (if Life Assured joins at age 49 or older)
4. MediSave use is applicable to an amount of up to S$600, per calendar year, per life assured. Premiums exceeding this limit will have to be paid in cash. If there are insufficient funds in the designated MediSave account, cash payment will be required for the difference.
5. The monthly benefit refers to the monthly payout when the Life Assured suffers from a Severe Disability, as defined in the plan.
6. The Life Assured may receive an additional 20% of their monthly benefit - for up to 36 months - while they're receiving their monthly benefit or rehabilitation benefit.
7. The Life Assured may receive an additional 60% of their monthly benefit - for up to 12 months - while they're receiving their monthly benefit or rehabilitation benefit.
8. A lump sum benefit will be payable if the Life Assured dies due to any accident or sickness while receiving either the Severe Disability Benefit or the Rehabilitation Benefit. The Death Benefit will amount to 3 times of the last paid Severe Disability Benefit or the Rehabilitation Benefit, whichever is applicable.
9. The policyholder may exercise this option, without providing further evidence of insurability at any of the following life stage events, when the Life Assured:
a) purchases a property;
b) marries, divorces or is widowed;
c) becomes a parent by having a newborn child or by adopting a child below 19 years old
d) salary increases by 50% or more from application;
e) completes a skills development course of at least six months;
f) purchases a new individual life insurance policy or a Supplementary Benefit from us, with full underwriting at standard terms; or
g) spouse suffers a Severe Disability (with the inability to perform at least three of the six ADLs) or dies.
This option allows the policyholder to increase the policy's monthly benefit with extra premium payable. The total monthly benefit that can be increased under this option is limited to 50% of the policy’s initial monthly benefit, as agreed at policy inception or at the date this option is exercised – whichever is lower. This option is extended to standard life only. Please refer to the Product Summary for more details.
Both plans offer enhanced support for severe disabilities in addition to the existing government schemes, so you can have better assurance for you and your loved ones.
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The Financial Architect, advising business owners, SMEs business owners.
While business owners dedicate themselves to the everyday demands of running their companies, I apply my financial expertise to ensure they are fully shielded from life’s uncertainties and financial storms.
About Me: Having worked in the SME/Corporate banking industry in my early years, I share the passion of what business owners shared of waking up everyday ready to grind and make their business dream come true. ever since, for more than 10 years now, I have been helping business owners and their family find predictability, stability and financial certainty in the uncertain landscape.
My Services: Offering expert business advisory services focused on protecting retirement assets and safeguarding business value, I help entrepreneurs, business owners, and family enterprises stay resilient amid uncertainties and succession events.
My comprehensive suite of solutions ensures business owners can secure their legacy, provide for their families, and maintain organizational stability through life's critical transitions.
Advisory Services Overview
Protection of Retirement Assets: Design holistic plans to shelter personal and business retirement savings against creditor claims and market risks, leveraging compliant structures and diversified portfolios.
Protecting Business Value: Implement strategies such as asset segregation, trusts, and liability coverage to shield business assets and maintain value through turbulence or ownership change.
Family Cash Out & Continuity: Enable families to access fair value from business assets after an owner's demise, and provide business buyout funding for smooth generational succession or exit planning.
Business Continuity for Shareholders: Structure buy-sell agreements, shareholder insurance, and continuity funding to ensure the ongoing operation of the business in the face of partner exits, deaths, or disabilities.
Debt Cancellation & Collateral: Advise on optimized use of insurance, structured loans, and collateral assignments to handle liabilities, support business growth, and mitigate loan risk.
Cash Flow Management: Develop tailored cash flow strategies for operational stability, including debt management, liquidity planning, and revenue smoothing for greater financial resilience.
Buy/Sell Agreements: Facilitate buy-in, buy-out, and share-exchange arrangements between shareholders, simplifying ownership transitions and reducing conflict during changes.
Golden Handcuffs/Handshake: Advise on bespoke compensation plans, such as deferred bonuses or retirement gratuities, that help attract, retain, and reward key employees or family members in the business.
Key Person Protection: Secure profits and operational stability through keyman insurance or contingency arrangements to offset the financial impact of losing crucial team members.
Family Business Expansion Funding: Structure funding and succession vehicles to support family business growth, help families tap into new markets, or recapitalize when leadership changes.
Distinctive Approach
Personalized Strategies: All solutions are customized to the client's unique business, family, and personal financial profile, with a focus on both wealth preservation and business growth.
Succession-Ready Planning: Use proven frameworks and tools for succession planning, including role mapping, successor assessment, and implementation timelines to future-proof your business.
Holistic Protection: Integrate asset protection, business value, tax strategies, and employee incentives into a single, coherent advisory offering.
Trusted Guidance: Extensive experience helping owners address both business and personal financial risks, ensuring smooth transitions and peace of mind for all stakeholders.