Long
Term GoldenCare Policy Overview Ever thought about how you’re going to pay for expensive
long-term care should you become disabled in your old age? Great
Eastern Life’s Long Term GoldenCare Policy takes care of that
worry.
Should you be diagnosed as unable to perform at least 2 out of the
6 Activities of Daily Living (ADLs) such as bathing, dressing, feeding,
continence, mobility and transferring or as suffering from Severe
Cognitive Impairment, it pays you an initial benefit of 300% of
your Monthly Benefit Assured.
If you are unable to perform 2 out of 6 ADLs, we’ll waive
all your future premiums and a monthly benefit of 50% of the Monthly
Benefit Assured will be paid for as long as you live while disabled
or impaired. If you are unable to perform at least 3 out of the
6 ADLs, we’ll pay you 100% of your Monthly Benefit Assured
each month.
The policy also provides for a death benefit of 6 times the Monthly
Benefit Assured.
Key Benefits
Initial benefit of 300% of monthly
benefit assured will be payable if the life assured is unable to
perform at least 2 out of 6 Activities of Daily Living
50% of monthly benefit assured will be payable
if the life assured is unable to perform 2 out of 6 Activities of
Daily Living
100% of monthly benefit assured will be payable
if the life assured is unable to perform at least 3 out of 6 Activities
of Daily Living
6 times Monthly Benefit paid upon death while
the policy is in force
LIG Let Great Eastern make it work for you! Contact your Life Planner from Great Eastern to discover more.
The above is for general
information only. It is not a contract of insurance. Please refer
to the policy document for the precise terms and conditions of the
insurance plan.
Buying a life insurance policy is a long-term commitment. An early
termination of the policy usually involves high costs and the surrender
value payable may be less than the total premium paid.
It is usually detrimental to replace an existing accident and health
insurance policy with a new one. A penalty may be imposed for early
policy termination and the new policy may cost more or have less
benefits at the same cost.
