What if the national insurance scheme you’re paying into isn’t enough to cover your long-term care? Is it time to rethink your strategy? Here’s what you can expect:
- Exclusive Insight from Alex Lee, Chief Actuary, a key figure in the insurance and finance world, as he walks us through the updates and changes to the Cash Life scheme.
- The difference between ElderShield and Cash Life – and why these changes matter for your long-term care planning.
- The big questions: Is the current payout enough? What about the gap in coverage for the younger generation? And, what’s the deal with premium fairness across genders?
- Plus, we’ll be exploring the personal impact of these policies: Is this something you should be thinking about now, even in your 30s? You won’t believe the angles Alex brings to the table.
Alex Lee offers some eye-opening insights that could change the way you think about insurance.
Don’t miss this crucial conversation – tune in now!
What We Discuss:
- 02:24 - What changed recently regarding CareShield Life?
- 03:15 - Why was this payout structure chosen, and how did it come about?
- 05:20 - Can you walk us through the decision to convert and the time restrictions?
- 08:26 - What are the key reasons young people should think about long-term care?
- 09:15 - What’s your take on the adequacy of the national coverage layer?
- 15:40 - How were the six ADLs chosen, and why the discussion about modifying them?
- 19:13 - How do statistics show that the UK’s scheme is both sustainable and fair?
- 24:53 - What’s your take on making CareShield Life gender-neutral in pricing?
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