Eldershield Valueplus

Mr Tan,

Do you advise me to buy the Valueplus plan for Eldershield. The annual premium is $45 at the younger ages and increases to $1,825 at age 100.

MY REPLY:

The Valueplus plan pays $400 per month after 72 months of disability, to a maximum of 120 months (i.e. an additional 48 months).

To my knowledge, most people who are severely disabled are not expected to live beyond 6 years. The chance of making a claim during the extended period is quite small.

It is best to delay buying this plan for the time being, until it beocmes clearer that more people are likely to need this extended payment.