Dear Mr. Tan
My child's education policy matured lately. However, the increase in cash value is lower than the previous three years. I though that the value should increase more, according to the duration.
Below are the cash values:
Year Cash value Increase
2005 $37,956
2006 $44,734 $6,778
2007 $49,461 $4,727
2008 $52,397 $2,936 (maturity)
Is the maturity amount applied to everyone in the same age group and sum insured? In 2003, the insurance company send a letter stating that the estimated maturity amount is higher than the $52,397.
JT
REPLY
I suggest that you write to ask the insurance company. Their actuary should be able to give you an explanation.
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