per month and last through a lifetime. Dependents' Protection Scheme The Dependents' Protection Scheme provides a maximum coverage of $46,000 for families to tide over the first few years in the event of an insured member's terminal illness, total permanent disability or death up to 60 years old. The annual premium increases with age, from $36 at 21 years old to $260 at 55 years old. Housing Schemes The Ordinary Account savings can be used to purchase a home under the CPF housing schemes. A Housing and Development Board (HDB) flat may be purchased under the Public Housing Scheme, or a private property under the Residential Properties Scheme. CPF savings may be used for full or partial payment of the property, and to service the monthly housing payments. Home buyers who are taking a bank loan to finance their property purchase have to pay the first 5% of the down payment in cash. If a flat is purchased under the Public Housing Scheme, mortgage insurance under the Home Protection Scheme will be necessary. Investment Scheme CPF members may invest their Ordinary Account balance under the CPF Investment Scheme – Ordinary Account (CPFIS-OA) and their Special Account balance under the CPF Investment Scheme – Special Account (CPFIS-SA), subject to caps. Assets that may be invested includes Insurance, unit trusts, Exchange Traded Funds (ETFs), Fixed Deposits, Bonds and Treasury Bills, Shares, Property Fund and Gold. From 1 July 2010, only monies in excess of $20,000 in the Ordinary Account and $40,000 in the Special Account can be invested. CPF Withdrawal From 2003 to 2013, CPF members who left Singapore withdrew SGD$426 million, or 0.3 per cent of the average total members' balances each year. From 2013 to 2017, an annual average of 13,500 CPF members, or 0.4% of total CPF members, withdrew their CPF monies when they left Singapore. Conditions for withdrawal CPF savings can be withdrawn on the following grounds: Malaysians who are at least 50 years old and residing in West Malaysia. Anyone who has renounced his citizenship or PR and leaving Singapore and West Malaysia permanently. Upon death. Conditional partial withdrawal for those who are certified permanently unfit for work, such as physically or mentally incapacitated. Controversies Comparison with City Harvest Church Fund On 15 May 2014, Roy Ngerng made a post entitled "Where Your CPF Money Is Going: Learning From The City Harvest Trial" on his blog the