Wise to minimize losses of 8+ k in Year 2 by surrendering GE endowment plan? already paid 20k x 2 =40k, surrender value less than 32k .non guaranteed interest dive way below illustrated 3.25% in 10y?

We buy over such policies at PolicyWoke, but before you sell to us, let us know your reason.

For people who wants to invest, we do let you know what's the Internal Rate of return to beat.

Imo, i will let the plan run accordingly. Endowment plans are based on participating funds of projected 3.25 to 4.75 returns which will give u an average of 2-3+% (variable) over the years. Insurers use smoothing to ensure that non guaranteed bonus stay within reasonable levels for us. Given that your plan is pay 5 wait 10 for a total of 15 years which i also have, it acts as an safety net for you should you need the money (100% capital guaranteed +bonus) by then. In 10 years time, what are the chances that markets have not recovered? Within the same timeframe, logically speaking, don't you think you would have made progress on your financial situation? Ask yourself, what made you choose this plan. Did you ensure you had enough funds for the whole payment because early termination for any savings/investment with insurance companies comes with a huge price.