Complete Guide
Lifelong Income For the Elderly
CPF LIFE (Lifelong Income For the Elderly) is Singapore's national longevity insurance annuity scheme that provides guaranteed monthly payouts for life. It ensures you never outlive your retirement savings by pooling longevity risk and providing income security in your golden years.
CPF LIFE is one component of a comprehensive retirement income strategy
Common Belief
"CPF LIFE will cover all my retirement needs"
Planning Reality
CPF LIFE provides a base income, but most people need additional savings and investments to maintain their desired lifestyle in retirement.
Common Belief
"I should always choose the highest payout option"
Planning Reality
The highest payout option may leave less for your beneficiaries. Consider your legacy goals and other income sources when choosing a plan.