Have a whole life policy bought since age 0, has broken even, the internal rate of return is 2.3%. No ECI and CI just basic death/TPD. Under what circumstances should I keep or surrender?

The sum assured sounds like it would not be significant to you. You can consider it as a safe haven that grows 2.3% p.a., which is high for today's standards because these policies were based on bonds at that point. Investing can get you higher returns, but it comes with risks too. If you have multiple policies to manage, you can try out the free finance and insurance consolidator to manage them. https://plannerbee.co/

Hi Hazel,

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It depends whether it still meets your financial objectives in holding it. If you're indecisive on whether to keep or surrender your whole life policy, you may seek advice from a financial advisor.

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Disclaimer: PolicyWoke is a resale insurance policies broker.

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