Mr and Mrs Low (not their real names), both 61, have been married for 30 years. Mrs Low was diagnosed with severe Alzheimer's disease six years ago. Back then, she was unable to claim under her ElderShield plan as she did not fulfil the requirement of the loss of at least three activities of daily living.
However, she got a lump sum payout of about $500,000 from her life insurance plan under the Total and Permanent Disability (TPD) cover.
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