A consumer sent me the benefit illustration and asked if it offers a good return.
The consumer, age 65 male, invests a single premium of $300,000 and receives a guaranteed monthly annuity of $1,181.40 and a non-guaranteed addition that depends on the investment return of the life insurance fund.
The detailed analysis is shown in the PDF
http://www.fisca.sg/ArticleDisplay.aspx?ID=507
2 comments:
better put your money in CPFlife . None of private annuities is better than CPFlife.
it is better for him to top up his CPF with the money. No private annuity can beat CPF annuity.
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