BT Money Hacks: The ABCs of disability insurance plans (Ep 96)
10:53 min
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:
Can you ever be too young to worry about disability insurance (1:48)
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
Can you ever be too young to worry about disability insurance (1:48)
What is a "living" benefit, and why this is key if you have a longer runway of potential needs (2:52)
Many young people suffer disabilities caused by accidents and unforeseen circumstances (3:15)
Calculating long-term care costs in Singapore (5:50)
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’s Live #Lifeproof: https://www.greateasternlife.com/sg/en/personal-insurance/thelifecompany.html
Great Eastern’s Great Life Advantage with add-on critical illness coverage: https://www.greateasternlife.com/sg/en/personal-insurance/our-products/life-insurance/great-life-advantage.html
Great Eastern’s Critical Illness Cover calculator: https://www.greateasternlife.com/sg/en/personal-insurance/understand-insurance/financial-tools-to-know-what-you-need/critical-illness-cover.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:
Channel: http://bt.sg/btmoneyhacks
Apple Podcasts: http://bt.sg/oeXe
Spotify: http://bt.sg/oeGN
Google podcasts: http://bt.sg/oeGP
Website: http://bt.sg/moneyhacks
Feedback to: podcast@sph.com.sg
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/wealthbt
BT Podcasts on: http://bt.sg/podcasts
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Podcasts
BT Money Hacks: Is it time to invest in Japan again? (Ep 168)
BT Future of Finance: Catering to the financial needs of the modern woman (Ep 11)
PropertyBT: Making sense of residential property taxes (Ep 30)
Lens on Singapore: Is anyone too young for cancer? (Ep 8)
WealthBT: This can make or break your retirement (Ep 37)
BT Podcasts: Future-proof your life with disability insurance