FOR RETIREMENT. WOMEN HAVE 11% LESS CPF SAVINGS IN OLD AGE THAN MEN.
According to a Central Provident Fund analysis, Singaporean women have 11 percent less CPF savings on average in old age compared to men.
Why? Because when it comes to saving for retirement, the cards may be stacked against women.
They’ve got to build up their retirement savings while earning less than men and having less time to accumulate their money, potentially due to the career breaks they take when they have kids. All this despite the fact that they live about four years longer than men and need to save more for retirement than men do.
Source: AWARE - Are we there yet? Taking stock of the challenges women in Singapore face today
How Can You #PlanLikeAWoman And Secure A Comfortable Retirement?
With careful planning, you can overcome these obstacles and potentially save enough for a comfortable retirement. Our wealth accumulation plans like Prime Life Rewards 5 allow you to enjoy coverage for life, while securing monthly cash payouts to enhance your retirement income.
These plans are protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg
This advertisement has not been reviewed by the Monetary Authority of Singapore.
The above is for general information only. It is not a contract of insurance. The precise terms and conditions of these insurance plans are specified in the policy contract.
As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid. It is usually detrimental to replace an accident and health plan with a new one. A penalty may be imposed for early plan termination and the new plan may cost more, or have less benefits at the same cost.