Lifetime Income Plan
Overview
Instead of simply setting aside your $117,000 CPF minimum
sum in a bank or with the CPF board when you turn 55, invest it
with Great Eastern Life's Lifetime Income Plan and secure a guaranteed
monthly income for life.
Investing the $117,000 minimum sum would
give you a lifetime monthly income of $628.87* if you are male,
and $580.61* if you are female. In the event of death, your CPF
nominee(s) would receive a lump sum death benefit from the CPF
board (amount varies according to age at death).
Investing more
than the minimum sum of $117,000 would provide you with a higher
monthly income.
Lifetime Income Plan is available to anyone between
the ages of 55 to 61 years and 10 months.
* Based on age 55 years and 0 months
