Suppose there is a retirement scheme that makes the payments for as long as the retiree lives, instead of a maximum of 25 years. Briefly discuss the company's considerations that offers this retirement scheme regarding extending the payments for a lifetime to the following applicants: i. Mr Tan, aged 50 ii. Ms Lim, aged 40

would need more explanation from different angles than just Ms Lim need to pay more because she will live longer.