Invest in a life annuity?

Hi Mr Tan

I have a total of $350,000 in my savings. How much should I invest in a life annuity? What are its advantages, as compared to other types of investments?

I wish to have a good income, without taking risk on my capital

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REPLY

You can read my FAQ on life annuity. I suggest that you invest $200,000 in a life annuity, to earn about $1,000 a month, and keep the balance in an investment fund, or the money market fund.

You can talk to an insurance adviser or visit the business center of NTUC Income.