As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Value Investing
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Friday, 7 April 2017

CPF DPS Also Expired!!!


Read? My Long Term Personal Financial Goal - Self-insured Fund by 60!!! (2)


Important milestone in our life journey in Singapore; even CPF Ah Gong did the right thing by terminating DPS at 60. Above 60; the premium rises steeply! Every 5 years band; the premium rises even faster. 

Scary!




How come Whole Life policy is still paying the same premium way beyond 60?

Why arh?

Are you aware of guarantee and non-guarantee part of whole life policy?

Think why there is non-guarantee part?



1 comment:

  1. CW,

    Saw the letter from NTUC advising me how much they will deduct my CPF for DPS next month.

    I didn't sweat the small stuffs until I completely forgotten to cancel it together with my private wholelife and term insurance policies...

    Premiums too cheap.


    You are right. The DPS premiums jumped a bit once I hit the age 50 band. Finally my radar noticed it.

    Will write to NTUC to cancel my DPS. It has outgrown its usefulness.

    ReplyDelete

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