The CPF LIFE Standard Plan provides level payouts for life. It is suitable if you are comfortable with buying less and maintaining a modest lifestyle to cope with rising prices.

 

Compared to the CPF LIFE Escalating Plan, the Standard Plan provides higher payouts at the start, but don’t increase over time to keep up with the rising prices. Hence, the payouts will eventually be lower than Escalating Plan payouts.

 

 

All your Retirement Account (RA) savings will be used as your CPF LIFE premium when you join CPF LIFE.

 

Subsequent inflows into your RA after starting the monthly payout will automatically increase your CPF LIFE premium and monthly payouts.

 

Your CPF LIFE premium will continue to earn CPF interest rates, which is factored into your monthly payouts. This allows you to receive higher payouts from the start, compared to if there were no interests earned.

 

 

Your monthly payouts are calculated based on various factors and will be paid to you for as long as you live.

 

CPF LIFE works by risk-pooling, like other forms of insurance. The pooling of interest earned on the CPF LIFE premiums enables members to receive lifelong payouts.

 

 

Upon your passing, your remaining CPF LIFE premium balance will be paid to your beneficiaries.