CPF Life Annuity return calculation [for MEN]

Does the CPF Life Standard Plan or the Basic Plan give better payout for men? 

Well, based on existing data given by CPF at this URL...
   
We can do some estimations......

Below you can see 2 tables for Men's CPF Life annuity, 1 for Standard Plan and 1 for Basic Plan, assuming the man has $155,000 in his retirement account at 55 years old :

CPF Life Annuity return calculation [for MEN] - Standard Plan

CPF Life Annuity return calculation [for MEN] - Basic Plan

For Men's CPF Life Standard Plan:
If you die at 85 years old, your return range from 1.84% to 2.94% (based on lower payout & lower bequest to higher payout & higher bequest).  .
If you die at 75 years old, your return range from -4.19% to -2.80%.
If you die at 65 years old, your return range from -30.74% to -27.55%.

For Men's CPF Life Basic Plan:
If you die at 85 years old, your return range from -3.97% to 3.80%.
If you die at 75 years old, your return range from 2.57% to 3.67%.
If you die at 65 years old, your return range from -8.18% to -3.20%.

It seems that only when you live to 85 years old and choosing the Basic Plan will you stand to obtain maximum return of 3.80% !!!
This is provided these figures do not get changed by CPF Board in future! 
However, WHO told us that Singapore's men average age is only 80 years old, so most of you men going to lose out because you can't live till 85 years old or more! 

And the above figures show that you are better off choosing the CPF Life Basic Plan than Standard Plan !!!

What about women?  Does CPF Life Standard Plan or the Basic Plan give better payout for women?    
I will try to answer this in a future post.