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Old 16-03-2019, 12:37 PM   #331
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Ah.. i see.. thanks for sharing! Am checking out private annuities to complement CPF Life and one of the agents told me about the exemption so i was curious
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Old 16-03-2019, 12:58 PM   #332
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Ah.. i see.. thanks for sharing! Am checking out private annuities to complement CPF Life and one of the agents told me about the exemption so i was curious
am also curious that since your agent said exemption is allowed, can u ask the agent will their pte annuity get u an exemption from CPFB, if so pls share, am interested to know which insurer's pte annuity is acceptable to CPFB, thanks
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Old 16-03-2019, 03:20 PM   #333
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which annuity can get better payout than cpf life? cpf life pays fr life wor, pte annuity pays fr limited yrs only, if u look at those lifetime annuity itís actually more expensive than cpf life fr similar payout. unless you are talking abt rss then itís possible.
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Old 17-03-2019, 02:30 AM   #334
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There are some private annuities available that do lifetime payouts.
Generally their payout rates aren't as good as CPF Life
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Old 07-04-2019, 04:20 PM   #335
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There is a 3rd gen anunity where grandchild get to encash the 2 million after the grandparent and parent got the payouts.

Is it too good to be true
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Old 07-04-2019, 05:58 PM   #336
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It's probably legit, but the starting principle is going to be quite high already and the regular payouts are low. Calculate the XIRR and you will likely get 4.0% on a PAR fund performance of 4.75%

But really, plans with accumulating principle have pretty much zero longevity insurance component, and is therefore trivially easy to DIY at a lower cost.
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Old 07-04-2019, 07:57 PM   #337
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There is a 3rd gen anunity where grandchild get to encash the 2 million after the grandparent and parent got the payouts.

Is it too good to be true
$2mil is likely a non-guaranteed sum.

AXA recently came up with something similar as well, but can be paid up to over 30 years.

Did an illustration and found that
- $13k/year over 15 years ($195k) will give a $6k/year annual payout starting from 16th year, up till age 120*
- If an age 30 starts this plan, he can start receiving payout frm age 45
- Let say he dies at 85, 40 years of payout = $240k
- His 2nd life assured can continue receiving the remaining 35 years (till his supposed age of 120) = $210k
- Upon maturity, a non-guaranteed lumpsum (up to 7 digits) will be paid out as well

To me, is quite a pretty powerful annuity + legacy planning product, if one is willing to neglect the IRR and can afford the slightly higher premiums at the start.
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Old 11-04-2019, 05:36 PM   #338
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$2mil is likely a non-guaranteed sum.

AXA recently came up with something similar as well, but can be paid up to over 30 years.

Did an illustration and found that
- $13k/year over 15 years ($195k) will give a $6k/year annual payout starting from 16th year, up till age 120*
- If an age 30 starts this plan, he can start receiving payout frm age 45
- Let say he dies at 85, 40 years of payout = $240k
- His 2nd life assured can continue receiving the remaining 35 years (till his supposed age of 120) = $210k
- Upon maturity, a non-guaranteed lumpsum (up to 7 digits) will be paid out as well

To me, is quite a pretty powerful annuity + legacy planning product, if one is willing to neglect the IRR and can afford the slightly higher premiums at the start.
You think its a good deal? I am very tempted by this product
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Old 11-04-2019, 06:26 PM   #339
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You think its a good deal? I am very tempted by this product
If you are more towards leaving a legacy, this is a powerful product. The maturity benefit upon age 120*, which is non-guaranteed, can be up to 7 digits.

The annual payout may not be a lot ($6000), but it helps to defray some cost of necessities or future premium for shield plan/medical cost.

Let me know if u need help
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Old 29-04-2019, 10:31 AM   #340
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You think its a good deal? I am very tempted by this product
Key word is non guaranteed......
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Old 29-04-2019, 10:39 AM   #341
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For those interested this is the benchmark directly from CPF to be fully exempted from CPF life. Next year Minimum requirement is not out yet.
I presume min payout from private Annuity(cannot include non-guarantee amount), Private Annuity must pay for life (Again presume term annuities cannot be used)


Date of Birth Male Female
Jan 1932 to Mar 1934 $169 $158
Apr 1934 to Mar 1935 $180 $168
Apr 1935 to Mar 1936 $184 $172
Apr 1936 to Mar 1937 $190 $178
Apr 1937 to Mar 1938 $197 $184
Apr 1938 to Mar 1939 $201 $188
Apr 1939 to Jun 1940 $206 $192
Jul 1940 to Jun 1941 $230 $215
Jul 1941 to Jun 1942 $259 $242
Jul 1942 to Jun 1943 $288 $269
Jul 1943 to Jun 1944 $317 $296
Jul 1944 to Jun 1945 $386 $359
Jul 1945 to Jun 1946 $418 $389
Jul 1946 to Jun 1947 $451 $419
Jul 1947 to Jun 1948 $483 $449
Jul 1948 to Jun 1949 $515 $479
Jul 1949 to Jun 1950 $544 $506
Jul 1950 to Jun 1951 $613 $569
Jul 1951 to Jun 1952 $644 $598
Jul 1952 to Jun 1953 $715 $664
Jul 1953 to Jun 1954 $843 $785
Jul 1954 to Jun 1955 $975 $906
Jul 1955 to Jun 1956 $1,019 $948
Jul 1956 to Jun 1957 $1,139 $1,059
Jul 1958 to Jun 1959 $1,206 $1,121
Jul 1959 to Jun 1960 $1,258 $1,169
Jul 1960 to Dec 1961 $1,302 $1,211
Jan 1962 to Dec 1962 $1,381 $1,286
Jan 1963 to Dec 1963 $1,417 $1,320
Jan 1964 to Dec 1964 $1,454 $1,354
Jan 1965 to Dec 1965 $1,490 $1,388
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Old 29-04-2019, 11:54 AM   #342
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is there a comparsion spreadsheet for the annuities, some recommendation since to be from the banker, insurance agent and others.


the more i read the more get distortion from their facts.


hope someone do a comparison or websites to easy analysis and clearer picture then words description
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Old 29-04-2019, 03:34 PM   #343
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is there a comparsion spreadsheet for the annuities, some recommendation since to be from the banker, insurance agent and others.


the more i read the more get distortion from their facts.


hope someone do a comparison or websites to easy analysis and clearer picture then words description
Private Annuities is from insurance, bankers is because they do sell insurance products. Each bank have a partnership with insurance company.

https://moneyline.sg/review-3-best-retirement-plans-singapore-terms-coverage-guaranteed-returns-flexibility/
Here u might be able to read the unbias reviews. Personally have done many comparison for clients. If u or anyone wish. May write details here or pm me for a quote.
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Old 09-07-2019, 03:57 PM   #344
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For those interested this is the benchmark directly from CPF to be fully exempted from CPF life. Next year Minimum requirement is not out yet.
I presume min payout from private Annuity(cannot include non-guarantee amount), Private Annuity must pay for life (Again presume term annuities cannot be used)


Date of Birth Male Female
Jan 1932 to Mar 1934 $169 $158
Apr 1934 to Mar 1935 $180 $168
Apr 1935 to Mar 1936 $184 $172
Apr 1936 to Mar 1937 $190 $178
Apr 1937 to Mar 1938 $197 $184
Apr 1938 to Mar 1939 $201 $188
Apr 1939 to Jun 1940 $206 $192
Jul 1940 to Jun 1941 $230 $215
Jul 1941 to Jun 1942 $259 $242
Jul 1942 to Jun 1943 $288 $269
Jul 1943 to Jun 1944 $317 $296
Jul 1944 to Jun 1945 $386 $359
Jul 1945 to Jun 1946 $418 $389
Jul 1946 to Jun 1947 $451 $419
Jul 1947 to Jun 1948 $483 $449
Jul 1948 to Jun 1949 $515 $479
Jul 1949 to Jun 1950 $544 $506
Jul 1950 to Jun 1951 $613 $569
Jul 1951 to Jun 1952 $644 $598
Jul 1952 to Jun 1953 $715 $664
Jul 1953 to Jun 1954 $843 $785
Jul 1954 to Jun 1955 $975 $906
Jul 1955 to Jun 1956 $1,019 $948
Jul 1956 to Jun 1957 $1,139 $1,059
Jul 1958 to Jun 1959 $1,206 $1,121
Jul 1959 to Jun 1960 $1,258 $1,169
Jul 1960 to Dec 1961 $1,302 $1,211
Jan 1962 to Dec 1962 $1,381 $1,286
Jan 1963 to Dec 1963 $1,417 $1,320
Jan 1964 to Dec 1964 $1,454 $1,354
Jan 1965 to Dec 1965 $1,490 $1,388
Benchmark can be found here: https://www.cpf.gov.sg/askjamie/user...0Benchmark.pdf

CPF reply to me:

If your lifelong monthly payout from pension or annuity payout is lower than the payout benchmark, you may still qualify for partial exemption.
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Old 09-07-2019, 03:58 PM   #345
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is there a comparsion spreadsheet for the annuities, some recommendation since to be from the banker, insurance agent and others.


the more i read the more get distortion from their facts.


hope someone do a comparison or websites to easy analysis and clearer picture then words description
Good starting base to read up. Am planning to get quotes for thesehttps://blog.moneysmart.sg/invest/pr...ans-singapore/
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