Singaporeans preparing for their long-term care needs can expect changes to CareShield Life that may reduce premiums for older policyholders starting in 2026. Announced during the passage of the CareShield Life and Long-Term Care (Amendment) Bill on October 15, the updates aim to maintain the scheme’s affordability and sustainability while continuing to provide essential financial protection for Singaporeans.

Term insurance is an essential financial tool designed to safeguard your family’s future in the event of your untimely absence. It provides peace of mind by ensuring your loved ones remain financially protected. However, many people unknowingly make mistakes when selecting term insurance policies. Here are five common errors and how to avoid them.1. Selecting Insufficient CoverageOne of the most frequent mistakes is opting for a lower coverage amount to save on premiums. While this may seem cost