Surrender a Living policy

I have decided to surrender my Living policy which was taken 17 years ago.  I paid an annual premium of $2,102. The cash value after 17 years is $44,893 giving a yield of about 2.5%.

If I keep the policy for another five years, the estimated cash value increases to $62,417, giving a yield of 3.9% for the next 5 years, based on the projected bonus for the next 5 years.  I have decided not to take the risk of a further reduction in bonus, which will reduce the yield below 3.9%. 

By surrendering the policy, I can invest the money in other investments. As the share prices are quite low, there is a good chance of earning a better high rate of return from other investments.

The calculation is based on this FAQ.