Is an early termination of my life insurance policy one that involves high costs and that the surrender value payable (if any) may be less than the total premiums paid? Is this true?

Generally yes. For accurate information, I will suggest for you to contact your agent or the insurer to generate a post-sales policy illustration for you. Thereupon, you will have a clear picture on the total premium paid v total surrender value.

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Hi Anonymous,

Yes, this is true for all cash-value insurance policies. You can find this clause in the proposal of all cash-value insurance policies, such as:

• Endowment

• Whole life

• Investment-linked

Disclaimer: PolicyWoke is a traded endowment policies broker.