CPF life - which plan is suitable ? any one already getting payout and able to share the plan they chose to understand it. If a person started payout 65, and estimate life can reach 75 which plan ?

If you only expect to live to 75, the best plan will be Basic Plan. You dun have to worry even if you live beyond 75.

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Standard/Escalating Plans are best for people who expect to live beyond 90!

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Really depends on:

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1. How much you want to rely on CPF Life for your income?
2. Do you have other income sources?
3. Is a legacy for your chosen inheritors very important for you?

Need to see if u are single or have family members that you want to leave money behind. can go to CPF board and request for the 2 scenarios (Basic and Standard), see the difference and you can decide.

Https://www.cpf.gov.sg/service/article/what-are...

It depends if you want steady but low payouts (standard), or want to start lowest and get 2% more payouts each year (escalating), or want to leave more legacy but lower payouts (basic).