Uncle8888 said Thank You! You have done well for your financial planning. 1. You have cut losses on your ILP and avoid this time bomb. 2. For many years, you have resisted your wife for upgrading to bigger and spacious 5-room HDB or Executive. Now, you have plenty of cash in CPF OA earning the best interest rate in Singapore @ 2.5% CAGR. 3. You have two low cost group insurance coverages. 4. You have three endowment policies for your three children to fund their university education. The last endowment policy will mature before the age of 60 as the escalation cost of premiums from the age of 60 is significant! This was the best advice coming from my life insurance agent.  It is good that you got yourself educated earlier in your life that once you are retired you are not an valuable asset that will need ......