Which is the Best CPF LIFE Plan for You?

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Many Singaporeans have heard of CPF LIFE, but don’t quite understand what it is. Today we will break it down and give you some tips on how to decide which is best CPF LIFE Plan for you.

What is CPF LIFE?

The CPF Lifelong Income For The Elderly (CPF LIFE) Scheme is a life annuity scheme that provides Singapore Citizens and Permanent Residents with a monthly payout for as long as they live.

What are the Types of CPF LIFE Plans?

There are 3 Types of CPF LIFE Plan

  1. Standard Plan
  2. Basic Plan
  3. Escalating Plan
CPF LIFE 3 Types of Plan

Source: CPF.gov.sg

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What is CareShield Life and How Does It Affect You?

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If you are a Singapore Citizen or Permanent Resident, you’ve probably heard of ElderShield.

It is a severe disability insurance that provides a monthly cash payout of up to $400/month in event of disability. But have you heard of CareShield Life?

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Should You Transfer Your Savings from CPF Ordinary Account to Special Account?

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