Anonymous
My policy is close to half a year and I paid annually upfront about 7.2k (600 per month). I did not read the T&C carefully then, and now I know abt all the fee, I have doubts abt the actual return I get. My term is 20 yrs. And additionally, can I change the payment term to be monthly? Will there be any extra admin fee or something if pay by monthly (let's say I stay with the policy for now). Thanks in advance.
2
Discussion (2)
Learn how to style your text
Reply
Save
Elijah Lee
11 Sep 2019
Senior Financial Services Manager at Phillip Securities (Jurong East)
Hi Anon,
The subject of surrendering is rather tricky to answer, however, I would urge you to ask yourself a few questions here first:
You can change the policy to monthly, but then it will only take effect from the next policy year.
Without the specifics of your policy, I am not able to give a full opinion, taking into account that fund selection will have an impact on the outcome. If you'd prefer a more in-depth discussion, do drop me an email at [email protected] and we can converse there.
Reply
Save
Write your thoughts
Related Articles
Related Posts
Related Posts
This is a rubbish product which ought to be avoided
you can google seedly and the internet for reviews
suggest you do not mix insurance with investment, period.