Against the backdrop of rising longevity, and the difficulty of predicting exactly how long we will live, we face some uncertainty on planning for our retirement. There is a real possibility that we may not be adequately prepared for a longer retirement, and risk outliving our retirement savings.
Peace of mind is important for retirement, in order to fully enjoy the type of retirement lifestyle we want in our golden years.
CPF LIFE is a life annuity which can help us achieve peace of mind during our retirement as we will receive a regular stream of income for as long as you live without the worry of outliving our savings.