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What happens to my CPF LIFE plan if I am approved to withdraw under the Reduced Life Expectancy scheme?

If you are approved to withdraw your retirement savings under the Reduced Life Expectancy scheme, you can decide whether to:

(i) terminate your CPF LIFE plan and receive a refund of the premium balance (if applicable); or

(ii) keep your CPF LIFE plan and receive monthly payouts for as long as you live.