Said Mr Lim: "If you have a
full minimum sum in CPF, when you withdraw the CPF, CPF will pay
you $700 over a month. But it's for 20 years. At the end of 20
years, you'll have nothing to withdraw.
"If you buy an annuity, the insurance company will pay you less -
$500 a month. But the insurance company will have to pay you for as
long as you live. And if you live to 100 (years old), they'll have
to continue paying you till you're 100. Therefore it's a lesser
monthly sum but you're insured a little longer.
"We may have to make it compulsory for everyone, but I think for
now, we should explain to people what annuities are and how people
can benefit, to get people to understand it."
Cheebye lah, how many of us are going to live to 85, much less a
HUNDRED!!!! 
