Should I keep my AIA Pro Lifetime Protector - Max?

I was convinced to purchase AIA Pro Lifetime Protector - Max in my early 20s. However, I’ve been thinking of surrendering the policy. As I already have an existing Life Insurance as well and I don’t really understand ILP even until now.

My annual premium is $1200 and this would be my 3rd year so far. Would it be advisable to surrender now? As it’s not considered a high premium but just wondering about my payout and losses.

Would be great to hear different opinions on this. Thank you!

AIA Life Protection

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Kylie Ng Kai Li

17 May 2021

Senior Premier Consultant at AIA Insurance Pte Ltd

Hi,

What was the purpose of your Pro Lifetime Protector?

If it is for insurances purposes and you feel that your life insurance is giving you a proper and decent coverage, then you can just go ahead and forfeit the 2 years premiums. (Don't continue the plan JUST SO that you can breakeven in the future, it wouldn't make sense)

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Loh Tat Tian

17 May 2021

Founder at PolicyWoke (We Buy Insurance Policies)

You will incur quite a lot of surrender penalty/fees if you surrender before you complete your premium.

But on the other hand, if you could invest your monies through DIY and do well, it will benefit you (if you have the knowledge).

Should you really decide to surrender, consider selling to us https://www.policywoke.com/sell-your-insurance-... where we will try our best to qoute to takeover your policy.

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