facebookShould I withdraw from my AXA Pulsar plan? Invested $1800 so far. Started last October, monthly premium is $300.. - Seedly

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Anonymous

25 Mar 2022

General Investing

Should I withdraw from my AXA Pulsar plan? Invested $1800 so far. Started last October, monthly premium is $300..

I am completely clueless about whatever I signed..
gave in because FA is an old friend

I am 21 this year, working full time, staying alone and I feel like I'm forced to put this money aside, look at my bank and i don't really have enough to survive for the month it's like an evil deadly cycle..

So if I withdraw this policy, do I get back my $1800 that i invested? I dont know what i should do.
Pls help a guy out!

Discussion (4)

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$300 is a lot, just cut loss and start to learn your own investment (just search seedly topic, like S&P500 theres alot)~ if you feel some pressure by paying this amount monthly, trust me you will terminate it anytime within the next 5 years~ (if you learn investment, likely you will terminate it even earlier~ once you realise how the $ works)

Your friend is not thinking enough for you, but well no one will care your money more than you :)

Anyway you still have to understand, you gonna buy hospital , CI/ECI, or any other type of insurance in the future, more “force money” will come in~~

View 1 replies
  • When we are young, we all make mistake.
  • Seem like lot of charges for the plan, really painful.
  • From the brochure the min. Is $300 / mth already.
  • If $300 / mth is too much for you to hold at least 5 years. $1.8k is still not too much (长痛不如短痛)sometime we need to cut-loss.
  • you will earn back this $1.8k through investing by yourself, without so much rigid rules and penalties.
  • Dont trust insurance agent too much.

Tan Choong Hwee

25 Mar 2022

Investor/Trader at Home

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