![](https://i.imgur.com/CLvY2jA.png")
12-04-2023, 04:53 PM
Careshield just clearly does not make sense for most people.
A person in the mid 40s would have paid more than $10k into the scheme until age 65. If you do become disabled you get only 600+ every month.
Let's say there is a 10% chance for a person aged above 65 to become disabled. You need to live for ~14 years after you become disabled to break even and this is not even considering the time-value of money of the premiums you put in.
This scheme only makes sense if your health is already very jialat and you think you are going to be disabled very soon.
A person in the mid 40s would have paid more than $10k into the scheme until age 65. If you do become disabled you get only 600+ every month.
Let's say there is a 10% chance for a person aged above 65 to become disabled. You need to live for ~14 years after you become disabled to break even and this is not even considering the time-value of money of the premiums you put in.
This scheme only makes sense if your health is already very jialat and you think you are going to be disabled very soon.
