Income is seen as better in terms of
total payments from the age of 62.
Annuities
"An annuity is insurance in case you live too long"
Rank Until Age 82 Until Age 92
1 CPF Board $170,640 $170,640
2 NTUC Income $153,600 $256,500
3 HSBC $119,350 $185,580
4 AIA $113,280 $169,920
4 GE Life $111,644 $167,470
5 Prudential $105,000 $157,500
5 Aviva $104,760 $157,140
5 Asia Life $104,000 $156,140
Source: www.askdrmoney.com
Important Information
The table shows total payments from age 62 until age 82 and age 92.
The payments are made from an assumed $90,000 in the retirement
account at age 55 and payments begin at age 62.
The CPF Board's guaranteed payout is 4.0 per cent per year for 20
years (age 62 to 82). This comes to $711 per month and totals
$170,640 after 20 years.
The 7 insurers' guaranteed payout averages 2.5 per cent per year
for life. (HSBC and NTUC Income also pay non-guaranteed annual
bonuses of 1 per cent and 2 per cent.)
Based on mortality tables, 30% of men and 40% of women will live
past age 82. 1% of men and 3% of women will live past age 92.
Should the annuity holder die before age 82, CPF rules require that
the balance be returned to his/her beneficiaries (after minor
deductions for administrative costs.
Above is an advertisment from NTUC income - even commerical
payout is 62 and you want to collect at 55 
grow up
