Should I forgo my savings plan from prudential to do this so i can start investing in ETFs?

Hi bro, like what everyone has said, you will realized loss which I think will be quite significant as you are early in your policy. My recommendation is to just treat this as a long term saving plans, dont cancel it, and build up your warchest to begin investing.

No, you shouldn't forego your savings plan. But if you would like to start investing in ETFs, maybe you can check with your agent if you can reduce your monthly expenditure so that it's comfortable for you to do both at the same time.

Since you've already started on the savings plan for 4 years, I would say maximise the value you can get from there. It's good to have some forced savings and that will help to generate some extra profits too. 21 years later, you will see the fruits of your forced savings plan. :)

No due to the fact that you will be realizing losses.

I would just start investing in ETFs but still keep the savings plan so as not to realize losses.

I intrepret forgoing savings plan as cancelling it and not continuing.

It is not advisable because you will be relaising losses. For many insurance products, once you sign up, you are stuck with it; unless you are prepared to realise a hefty loss. So just continue the payment, but dont sign up for any more savings plan.

Use that amount to invest in ETFs instead