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May-23-10

Surrender Value

posted by constance

I wonder if it makes sense to convert an insurance policy. I feel that my insurance policy is not really working hard in the investment part and in the past two years, profits have been far and almost nought. Those money placed in our CPF in fact earns a higher interest rate than those that were drawn for investment. I messaged my agent to send me some term life insurance quotes because I feel that I have lost faith in mine. I really must go read all the clauses, rules and etc too. I wonder if the surrender value is good.. chances are, nope. Two acquaintances I know actually surrendered their policies last year! Should I do the same? On the other hand, to buy a new policy is very expensive expecialy when you get older! Hmm, maybe leave it alone then.

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