Asked a loved one of mine to cancel their pulsar plan and I dont know if it it the right decision to make?

yes you are right, never mix insurance with investment.

the only pple who advocates mixing insurance with investment are the pple who are selling the plans and profitting heavily from the huge commissions.

pulsar is a rubbish plan, better surrender before more losses are incurred.

likewise, when agents tell you that they "managed to get double digit returns on my client's pulsar policies over the last 2 years even after after the recent sell off", take it with a pinch of salt lol

It's very reckless to cancel something based on reading off a bunch of threads. Accurately, Pulsar typically doesn't have an insurance element.

There still has to be a lot more specifics like how long the plan has been going on - and you have to remember that high fees are offset by the starting bonus. Something that has that much of a headstart and compounding exponentially can easily offset high fees. Easily.

And you can only determine exponential compounding by going over the asset allocation. Which you should do. Justify the cancellation on a wide range of information, not limited ones.

Aside from that, if you're going to tell someone to cancel a plan and lose their money, TAKE responsibility for it. They have to be actively doing something to make that the money and show them projections for reassurance, at the very least.