Yield of 3.41%

Dear Mr Tan

Please calculate the yield for me on this policy:

* Surrender value now: S$11239.
* Annual premium: S$519.
* Surrender value in 2018: $23,165.
* Sum assured $25,000 (whole life policy)

---------------

REPLY:

My calculation shows a yield of 3.41% p.a. for the next 11 years. As this is a whole life policy, the yield is probably satisfactory. I suggest that you can keep this policy.