Not all CPF members need Dependants' Protection Scheme (DPS). Members should consider whether there are persons who are reliant on their current income. Some examples of members who may not need DPS include:

 

• Those whose dependants have already grown up and become financially independent, e.g. children who reach adulthood and started working.
• Those who have already built up enough CPF or private savings, as such savings could be bequeathed to their dependants directly, to tide them over the first few years of expenses in the event of an untimely death.
• Those who already have their own private term or life insurance, which provides enough insurance protection and payout to tide dependants over the first few years of expenses in the event of an untimely death.

Insurance premiums, including for DPS, become more expensive with age. Should members decide that they wish to opt out of DPS, they may do so by informing Great Eastern Life to terminate their DPS cover any time by completing the opt out form. Opting out of DPS will allow such members who may not need DPS to retain more of their CPF savings for their retirement income.