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everyoneall

08 Nov 2020

∙

AIA Prime Life Policy - Surrender or Keep?

Hi,
I have an AIA Prime Life policy, since Year 1996. I'm wondering if I should surrender it now?
I also have other Term Insurance (Death, TPD, Critical Illness), Hospitalization, Personal Accident plans, etc.
Appreciate you guys for your kind expert advice please.
Thanks.

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everyoneall

08 Nov 2020

Thanks for both you 2's reply...

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Elijah Lee

05 Nov 2020

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi everyoneall,

It's not really possible answer your question directly as we do need to take into account various factors. Jiayee has listed some of them down.

On top of that, if your Prime Life policy has CI coverage, then your cash value would have compounded over the past 24 years and the payout would be quite decent in the event of CI considering the amount of time that has passed. This is one advantage of policies that have been in force for a long time.

You should evaluate this in tandem with your current coverage with an advisor before taking any action.

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Jiayee

04 Nov 2020

Salaryman at some company

Maybe some details (doesn't have to be exact numbers but close enough) will help:

Is your term i...

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