Win a $50 book voucher!
Simply answer these simple questions and send the contest form to :
“Life Insurance and YOU”
Central Singapore Community Development Council
HDB Hub Biz Three, 490 Lorong 6 Toa Payoh, #04-10, S(310490)
3 Winners will be picked! Closing date is 15 December 2004. Winners
will be notified by post.
Q1 : What is the most important benefit the annuities can provide you?
Q2 : Name the 3 investment options a CPF member can choose from under the CPF
MSS when he reaches age 55.
(a) ____________________(b) ___________________(c) _____________________
This is the fourth of a 6-part series aimed at educating readers on the various concepts of insurance.
This series is produced by the Central Singapore CDC and the Life Insurance Association Singapore
as part of the MoneySENSE national financial education programme.
Please update me on other MoneySENSE programmes
CONTESTIn this issue, we will explain how annuities benefit you during your retirement.
Using annuities to meet your retirement needs
We are living longer nowadays. We must therefore accumulate enough
wealth to see ourselves through a longer period of retirement. One way to
manage this is to buy annuities.
Features of annuity products
An annuity is a type of insurance policy. The premium is usually payable as
a lump sum but there can also be regular premium payments for a fixed
period of time.
The most important benefit provided by annuities is the regular monthly
income payable to you upon your retirement for as long as you live.
Using CPF minimum sum fo