I have two "long time" whole life policies. The first one (simple whole life) bought on my first week of my army recruit days. The second one (whole life plus critical illnesses) bought from my army buddy just after my National Service. I had no financial and insurance knowledge at that time. On hind sight, probably I would not buy such policies.
my-first-insurance-policy
After these many years, it's good to know that the money in the policies is not so important to my family now and I do not really need them anymore. After the launch of the SSB, I want to know whether it is beneficial to terminate the policies and re-invest the money into SSB.
I made a trip to the Insurance service centre and found out the followings:
1. After so ......