I was in a similar situation previously too! Unfortunately, my reason to consider giving up my savings plan was not to invest on my own, but more because I needed to replan my finances to fund my part-time studies. When I bought the plans, I was (still am) considered low-risk sort of person, and that was probably why I felt that those plans were attractive. But I was setting aside $500/mth for those savings plans, on top of my regular savings and that was a little too much for me to handle. It was a painful process, but in the end, I decided to surrender two of them. That cost me slightly more than $2k since I've been holding them for 1-2 years. I kept the first one though (4 years in), partially because I couldn't bear to lose that much anymore and I could still keep up with the premiums. This may not be as helpful as the rest since I'm also super new at this. But I feel it'll be helpful to evaluate if you're able to keep up with the savings premiums on top of your own investments? Also, if you're new to investments like me, do you have the time to manage your portfolio such that you'll get better returns?