NTUC life insurance?

I have the exact same policy as you but 50k bought in 2003 and 50k in 2004 with the payment term up till 99. As mentioned by the other posters, the premiums of this policy are low relative to the coverage - if you are planning to replace this with another whole life plan it will be difficult to find something of the same value.

I also spoke to my current ntuc agent and she did mention that the benefits of this policy is that the terms of the CI are a lot more flexible - so it depends on what the doctors write but some intermediate CI may still be claimable. For me I think it will be good to keep this plan for my old age (when the multiplier of my current plan expires).

As your terms and premiums are different then mine, you should do an analysis on whether you are comfortable with your current coverage. Even if you do plan to surrender - wait for the plan to breakeven.

Hi Anon,

As Elijah mentioned, it is best to keep the plan, as insurance policies in the past have better value, if you would like to see the actual value of the policy, you could actually write in to NTUC and ask for an updated Benefit Illustration, and that will give you the updated information on your policy to give you a better picture of what value is it now, and what the potential cash value will be in the future. Also, at $640 a year, I don't think you will be able to get something similar from a new policy.

For your GE CI, do you know when will the multiplier effect 'expire'? I think that will give a better picture on whether you will need more CI coverage actually.

Just for knowledge, the average Singapore lives till 85-87 based on statistics, so if your multiplier expires at 65 or 70, is 100k sufficient to tide you through?

What is your actual concern in regards to getting a limited pay WL plan?