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Penny Aapl

04 Apr 2022

∙

What are the factors to consider if I want to surrender my insurance policy?

Is there a neutral platform I can go to compare insurance policies.

So tired dealing with insurance agents tagged to a specific insurance company.

I just want a neutral advice as Im considering surrendering a policy which I was pressured to buy almost 2 years ago.

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Chia Ming Ho

10 Apr 2022

Consult IFA or check out website like money owl or https://www.diyinsurance.com.sg/

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Tee-Ming Chew

05 Apr 2022

Co-founder at Seedly

Insurance is quite a complex topic and also dependant on individual's needs. Can try seeking professional help from fee-based agents who are not incentivised to sell you products for commission!

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Elijah Lee

04 Apr 2022

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi Penny Aapl,

If you are looking for neutral advice, then you'll probably want to speak with an...

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When looking at buying Traditional Whole Life Limited Pay insurance policies, why would one surrender your policy for the cash value?

I recently bought a Whole life Insurance Policy 2 years ago called PruLife Multiplier Flex. I'm having thoughts now of switching to Term Life Insurance instead. Is it silly of me to surrender it at 0?

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