Retire in Stride
Do you have passions you wish to pursue even after you retire?
Have you earned enough to have financial stability for the rest of your life?
Is your CPF savings working hard enough for you?
The solution to all the above is the Classic Annuity designed specially for all retirees using the CPF Minimum Sum and CPF Minimum Sum Plus Scheme.
Income for Life
As the life expectancy of Singaporeans increase, to many, life might have just begun at the age of 55.
Receive regular and growing income with our Classic Annuity for life and your monthly payments will never run out without having to worry about outliving your savings.
Stretch your CPF Savings
Stretch your CPF savings to last you a lifetime as the CPF minimum sum scheme has been raised to $90,000.
Example:
At the age of 55, if you invest in $90,000* and receive the following amount of monthly annuity assuming bonus of 2.75%** p.a. added during deferred period from age 55 to 62 and thereafter.
Age |
Male |
Female |
Guaranteed |
With Bonus (2.75%) |
Guaranteed |
With Bonus (2.75%) |
62 |
$473 |
$572 |
$443 |
$536 |
67 |
$473 |
$655 |
$443 |
$613 |
72 |
$473 |
$750 |
$443 |
$703 |
77 |
$473 |
$859 |
$443 |
$805 |
82 |
$473 |
$984 |
$443 |
$922 |
87 |
$473 |
$1,127 |
$443 |
$1,055 |
Enjoy bonuses
A doubled bonus is paid for our annuity. The bonus is paid during the deferred period and during resting of the annuity period. Annual bonuses# has been declared since 1994 for our annuity.
Tax Exempt
Taxes are exempted from all your monthly returns from the Classic Annuity, which allows the stretching of your CPF savings even further.
Termination benefit
Purchasing a life insurance is a long-time commitment. Before the annuity commences and the policy is withdrawn or the annuitant dies (during the deferred period), we will refund:
-
The higher of the single premium, or
- 97% of basic annuity with interest of 2% p.a. (for surrender) or 2.5% p.a. (for death) with bonus adjusted to the date of withdrawal or death.
If the policy is bought using CPF funds, money will be returned back to the CPF board.
Single premium with interest at 2.5% p.a. will be the benefits at surrender or death. Bonus accumulated during the deferred period less total annuity paid.
Please note that interest rate assumed for surrender benefits is non-guaranteed as in the product summary.
* CPF Minimum Sum as at 1 July 2005
** As the rates used for the benefits illustrated above are not guaranteed, the actual benefits payable may vary according to the future experience of the fund.
# Future bonus payments are dependent on investment performance and not on past performance.
This brochure is for general information only and not a contract of insurance. Please refer to your policy document for precise terms and conditions.
As the rates used for the benefits illustrated above are not guaranteed, the actual benefits payable may vary according to the future experience of the fund.
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