Should I surrender Pulsar or keep?

Hi guys. I have AXA pulsar 30-year policies which i started in 2020. I am considering to surrender it because of the high fees. But I am trying to do partial withdrawal and put back as premium, so I don't have to take out additional money from my pocket since this is my 4th year policy and have sufficient fund in my IUA and AUA account to continue the policy. Anyway, My FA seems not happy with my partial withdrawal and keep ignoring my request and saying she never advise her clients to do the partial withdrawal. Hence, Should I surrender them or continue paying the high charges? Hope to receive some advice

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Nathaniel Teo

19 Oct 2023

Hi I would suggest to surrender the policy instead of doing the partial withdrawal due to the high charges involved. A partial withdrawal does not solve the problem, but instead prolongs it at your own expense. Reason being the affordability and payment duration. Do you foresee yourself continuing this policy in the 5 years?

If you need clarifications, do let me know

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Chin Guo Qiang (CSM / CAL / ITIL4)

17 Oct 2023

Principal Engineer at Defence Science & Technology Agency

For your situation, might want to start with changing your FA as she is likely to not act in your best interests.

Next, keep the policy first and find out the relatively breakeven points, or your comfortable targets. Consider the surrender values and weigh your options.

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Y2cents

06 Oct 2023

Parital withdrawal and put back as premium, there will be a limit of how many times you can do this....

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