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Ang Pei San
6d ago
Personal Wealth Manager at AIA Singapore
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If you have the means and you need "forced savings", then better to keep
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Hi, do you mean the vivo life policy? If it's the vivo life policy, generally that's to cover for death, total permanent disability and critical illness (if it was added), if you got it 10 years ago, the premium will be very affordable as well.
To cover your child for the same coverage right now, it will cost alot more. So usually we will not terminate this policy and will continue for the child's sake.
Don't mix coverage with cash withdrawals/ Savings/ Investment. Saving plans are for when you have a specific goal in mind (like children education) and is meant to plan seperately if budget permits. If you need help, look for an agent that is trustable
:)