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Wednesday, April 30, 2008

Terminate an existing life insurance policy

Hi Mr. Tan,
I have purchased an Umbrella Policy from NTUC since 1990. The cash value as of end Mar '08 is $X. I am thinking to terminate this policy and to invest the money instead. Do you think I should do this? Thanks a lot for taking time to help!

REPLY
It depends on the following:
a) do you still need the life insurance cover?
b) do you need the cash now, to spend on your daily expenses?
c) do you wish to reinvest it to earn a higher return?

Read this FAQ:
http://www.tankinlian.com/faq/existinglife.html

I hope that it gives useful informatin for you to make a decision.

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