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Telegram Group: The InvestQuestWhatsapp Broadcast: Just send “Hello IQ” to +65 8840 2520 1) Types of Life Insurance Policies 2) When would it make sense to Terminate a life policy? 3) Alternatives to Surrendering a life policy 4) Pros & Cons of Selling vs Surrendering a policyBuying an Endowment or Whole Life policy is a long-term commitment. While we generally encourage policy owners to service such policies to its intended maturity, there are instances where policy owners might want to surrender such policies.
Other than a policy surrender, we highlight the alternatives a policy owner can take, which may potentially lead to a better outcome.
What’s a Life Insurance Policy?
Life insurance offers protection against the financial loss that can happen after one’s death or if one has suffered a total and permanent disability. Some life...
