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Anonymous
What would my total surrender value be if I were to surrender my PruFlexiCash (7th Series)?
I have read through the "policy values" page in PRUaccess and noticed that the gross surrender value is 406SGD. However, I have paid close to 3.5k in premiums to date. Does this mean that I will receive 3500SGD - 306SGD if I were to terminate my policy?
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Elijah Lee
04 Jun 2020
Senior Financial Services Manager at Phillip Securities (Jurong East)
Hi anon,
Your surrender value will be S$406. That means that if you surrender, you will definitely lose money (around $3.1K).
Please speak with your advisor to see if there are options available apart from surrendering. An insurance policy is meant to be a mid to long term commitment and used to fulfill certain needs, and thus the maximum potential is achieved when you see a policy through till maturity.
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Pang Zhe Liang
04 Jun 2020
Lead of Research & Solutions at Havend Pte Ltd
Assuming that there is no amount owed on the policy, e.g. due to policy loan, then the gross surrend...
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