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July 24, 2018,
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Ms Tan chooses a guaranteed monthly cash benefit of $1,000 to commence when she retires at age 60. She has selected a payout period of 20 years. She intends to use the monthly cash benefit and cash bonuses for her living expenses1. She has chosen to pay a premium of $26,102 on a yearly mode, over the next 5 years (total premiums paid would be $130,...