CPF life is touted as the long term protection plan in place of the Minimum Sum scheme. How much returns do we get from it though? In this article, we shall use the CPF Life estimator to do some calculations on the actual returns we receive. The old Minimum Sum scheme works on a drawdown basis where you keep drawing down on it until it becomes zero. The problem though is that eventually it becomes empty while the person is still living. Now CPF Life is a new annuity that helps to take care of this issue by giving consistent monthly income until the passing away. So that’s great, but what’s the catch? The Truth About CPF Life Premiums While the scheme is great and all, there is always a cost behind every annuity scheme. CPF Life is no different, otherwise it wouldn’t be sustainable. The question is how ......