Should I surrender my outdated whole life plan or let the cash value grow as an investment?

I would love to buy over your plan because its good imho. limited premium, and fully paid, and surrender value just cross.

No, i would not advocate surrender unless you are able to beat the returns of the policy.

I encourage using facts and figures to make an informed decision.

PS: I am a 2nd hand insurance broker, and would love to profit it should you choose not to continue.

Hi Leon,

Just wondering for this current policy, do you know when will you stop paying the premium? I think that will help ascertain if it makes sense on whether you should surrender your policy.

I think 1 possible suggestion is also to change this policy into a paid-up policy if you still need to pay premiums, as doing so will stop the premium payments, and if you do not surrender the policy, I believe it will still be liable for the yearly bonuses declared by the insurer.

I think there is no harm looking around for another whole life policy as with the recent changes in the industry, most coverages have been extended in terms of their expiry age. For example, most TPD benefits now extend to 70 or 75 years old. And at your current age, I believe the premiums will still be affordable, do reach out if you have any other questions