Should buy CareshieldLife rider?

My two colleagues who are my cohort shared on two real personal Caregiver cases; which CareshieldLife rider helps cushioned their Community Hospital long-term stay bills.

One patient is his mum; the other is a stroke patient; both requiring long time stay.

With CareshieldLife rider payout, Tier 1-to 3- level payout, the bill payments are cushioned significantly.

I am convinced. Currently fit and healthy, does not guarantee the future health state.

Today morning I saw another cohort who recently had a stent implant on his brain to drain excessive fluid.  

So, I free free visited Ntuc Income Branch to enquire on CareshieldLife rider or "INCOME Care Secure".

At my age 59, unable 2 out of 6 ADL (Activities of Daily Living),

1.  Fresh quote from Aviva for CareshieldLife Rider

Comparing premiums

AIA CareshieldLife rider, lock-in premium, how much you pay?

Because AIA uses Aviva back-bone to its policy.   So better to buy direct from Aviva.

Ntuc premium n coverage is much inferior; Ntuc does not have additional Caregiver cash payout = 60% more. Yet Ntuc premium is same as Aviva.

Actual cash premium is not much.  Compaing Tier1 to Tier3:  $54.91 vs $657.88 vs $1,286.98 respectively.

Payout
This rider pays over n above the CareshieldLife payout.

Upon 1 of 6 ADL, waiver of premium.
Upon another 2 of 6 ADL, payout starts to claim for life.

2. NTUC PAYOUT FOR CareshieldLife Rider

Tier1: $1k p.m. payout till 84yo

Premium: $1,202 p.a payable till 84yo. Of which $600 (max from CPF-MA) + $602.03 (Cash).

It is a Lock-in premium for life.

Tier2: $3k p.m. payout, 2 of 6 ADL,

Lifetime Premium: $4,440.50 p.a.

Tier3: $5k p.m. payout, 2 of 6 ADL,

Lifetime Premium lock-in $8k p.a.

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The Agent advised me to buy Aviva instead; which covers 1ADL at much lower price. I have just approached my Aviva Agent.

Thinking aloud, afterthought.

Pay $1.2k p.a. --> $1k p.m. payout (total: $12k p.a.)

Pay $4.4k p.a. --> $3k p.m. payout (total: $36k p.a.)

Pay $8k p a. --> $5k p.m. payout (total: $60k p.a.)

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3.  Is it worth it to pay and cover till age 84?

Is the anyway that I can invest to self insured?

Much earlier "we" bought two INCOME VivoRetire policies.

Total Premiums paid: $60k x 2;

Payout: $10k x 2 x 10 p.a. = $20k p.a. from age 66 to 75.

Total Premium: $120k --> Total payout $200k. (INCOME usually fulfills its payout)

So, at least we were covered minimally at Tier1+ till age 75.