When to buy a Life Annuity?

Hi Mr Tan,

Thanks for the link to your FAQ. Very informative and good.
http://www.tankinlian.com/faq/life.html

I hope you can advise on the following questions, as the insurance adviser may not give truthful answers.

1. What is estimated total annual cost (distributing, commission, fund management fee, profit, etc) in term of % of invested sum ?

Reply: I estimate the expenses, when spread over the years, to be less than 1% per year.

2. Better to buy early (age 50) or late (age 70) ?

Reply: Perhaps at 65.

3. Is it a good time to buy when interest rate peak ?

Reply: Yes.