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Will a long missing person be considered dead for purposes of insurance claims, wills, CPF beneficiary payout? How long does a person need to be missing to be considered dead?
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Hariz Arthur Maloy
15 Jul 2019
Independent Financial Advisor at Promiseland Independent
Yes. And it's 7 years. You'll then be able to request to declare them dead by the government and get a death cert for the above mentioned purposes.
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Hi Gabriel,
For CPF savings to be distributed to a missing member’s nominees, a presumption of death certificate, which declares the missing person is presumed to be dead, has to be obtained.
Upon a member’s demise, CPF savings will be distributed to the member’s nominees according to the member’s wishes, if the member had made a CPF nomination. If no nomination was made, the member’s CPF savings will be paid to the Public Trustee for distribution to family members in accordance with the intestacy laws or inheritance certificate (for Muslims) in Singapore.
Hope the above clarifies.