Thursday, December 02, 2010

CPF Life annuity - case study

Here is a case study of a person aged 58 who has to decide on whether to stay with the Minimum Sum scheme or to convert into a CPF Life Annuity.

Ask Mr. Tan

1 comment:

  1. It's quite disgusting that insurance agents are still trying to confuse people into buying annuities. Today, those commercial annuities are yielding at most 2% --- not even matching inflation rate.

    For those who can still make a choice between MSS and CPF Life, it all boils down to health status and family longevity history. If you're relatively healthy and/or your parents and siblings are living long lives, then CPF Life is better. Otherwise just leave in MSS.

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