What will you do if you have a retirement plan that you have paid for 2 years but still have 18 more years to pay and want to surrender to invest instead of waiting for payout (another 6yrs)?

No choice. Continue to pay. Early termination lose money. I believe retirement plan would not be negative after 18 years? Just that the yield may not be ideal. Maybe ask the person that sell you the plan if it is possible to lower the premium without incurr any loss as you have other commitment.

Hi Anonymous,

Do note that, an early termination of the policy usually involves high costs and the surrender value payable (if any) may be less than the total premiums paid. Are you willing to accept such losses? It is best that you speak with your financial advisor to assess your options about your retirement plan.

Disclaimer: PolicyWoke is a 2nd-hand endowment policies broker