Our CPF Insider, ES, alerted us to the Immigration and Checkpoints Authority’s (ICA) Report on Registration of Births and Deaths 2013. [link]
38.9% who died age 69 and lower?
According to the report, of the 18,938 deaths registered last year, 11573 or 61.1 per cent were aged 70 and over.
So, does it mean that 38.9 per cent of those who died last year, were age 69 or below?
CPF Life bequests?
What are the implications of these statistics for the CPF Life scheme?
According to the CPF Board’s CPF Life Estimator calculator, the estimated monthly life annuity from age 65 is $1,232 – $1,365 for a male who meets the current CPF Minimum Sum of $155,000.
https://www.cpf.gov.sg/cpf_trans/ssl/financial_model/lifecal/Life_Estimator.asp
The bequest for death at age 65, 75 and 85, are $190,565 – $195,731, $42,958 – $45,390 and 0, respectively.
S Y Lee and Leong Sze Hian