Should I Surrender or Sell Your Endowment Plan? How does one come to the conclusion as to whether to sell it?

As a broker for pre-loved plans. I would normally tell people not to surrender unless they have a better plan (investing into 10% p.a, or requiring the cashflow etc etc).

You may relook into the riders that you are putting in (if there is any) and check the yield per year.

For individuals who have entrusted me, the following are some questions that I have consider to assist them to make an informed decision :-

1) What was your needs when you back then, that got you to commit to this policy? Does that need still exist? If yes, does surrendering the policy has an impact on that need?

2) Are you aware of all the options (Policy Loan, Reduced Paid Up, Reduction in Sum Assured, Premium holiday, Redating) that your policy may offer that might be better than surrendering?

3) Are you looking at returns only? Is there any particular reason why "Buyers Regret" sets in? Have you improve your knowledge and wanted to seek a 3rd party opinion instead?
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Just a simple benchmark to use, does your partner’s mom do investments?

If she doesn’t, then keeping the endowment plan is better. Because endowment plans yield better returns than traditional bank savings account.

If she does investment, then are her investment returns higher than what the endowment plan offers? Also is there opportunity for her to invest the money immediately if the endowment plan is surrendered? Because surrendering the endowment prematurely incurs not just losses to the policy, but also investment returns may not certainly be better.

One thing I’m curious, are you absolutely sure that the plan your partner’s mom holding is an endowment plan? You mentioned she bought it when she was young and traditional Endowment plans don’t last more than 30 years. If the plan is an annuity or a whole life plan, the factors and benchmark to consider will be different.