Taiwan Life introduces new long-term care insurance to address low planning rates

Only 17.7% of Taiwanese have planned for long-term care insurance, highlighting a significant gap in retirement financial planning. Taiwan Life has launched a new long-term care insurance product, "12 Strong Protector," to address this gap. The policy offers simplified claims, extended payouts, and dual benefit payments to ensure stable financial support for long-term care needs. The "12 Strong Protector" policy provides a lump sum payment and annual installments upon meeting long-term care criteria. It also includes premium waivers and potential discounts for healthy lifestyle choices, aiming to ease the financial burden on individuals and their families.