Can I Change My CPF LIFE Plan?

Source: CPF 

There are 3 CPF LIFE Plans: Standard Plan, Basic Plan, and Escalating Plan.
If you picked one of the plans (eg; Standard Plan), can you change to another plan in the future, say to Escalating Plan?

Yes, yes you can.
But you can only make a change to your CPF LIFE plan once, and it must be within 30 days of your policy letter date.
After that, you cannot make the switch any more.

How Do I Make The Change?
For instructions on how to make the CPF LIFE plan change, click HERE.

Can I Cancel My CPF LIFE Plan?
Yes, yes you can.
However, you can only cancel if you opt-in voluntarily into CPF LIFE.
CPF LIFE is on a voluntary opt-in basis ONLY for members who are

• Singapore citizen or PR born before 1958; or,
• Have less than $60,000 in their RA 6 months before reaching the payout eligibility age

If members met the criteria above, they are allowed to cancel their CPF LIFE plan.


Recommended Read: The 4% Shortfall In Your CPF Retirement Fund

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