Other than surrendering a life insurance policy, are alternatives a policy owner can take to achieve a potentially better outcome?

You might want to speak to a qualified financial advisor to assist you. Without any information, it hard to know what exactly can be done.

Information required:

• What kind of life insurance policy is this? (Term, whole life, investment-linked?)

• Is there any cash value?

• How long did you hold your life insurance?

• How much debt do you have?

Surrendering a life insurance policy is the last resort and you still have other options to consider before embarking on this route.

• converting to a paid-up policy

• reducing the premium and reducing the sum assured

• premium holiday

• loan on your insurance policy

I am a qualified financial advisor and I have assisted clients with a similar situation. You can contact me for more information.

Unless u r prepare to take some risks, literally there r few investment vehicles u may like to consider with the insurance company potenially can give u higher yield over medium to long term.