HSBC life Manager Plus. Need surrender advice

[edwin56]

Paid 25K+ premium to date, surrender value with 18K+, for about 150$ per month, 150K death coverage, paying for 10+ years liao.

naive when young. Realize the plan is pay till you die. Was thinking of surrendering the plan now and put into some high interest FD or bank. I had other death coverage plan which had about 5x the death coverage already, so not worry about the coverage part

do you think I should surrender the plan?

 

[havetheveryfun]

u shld check the surrender value at 20 yrs.. usually it is break even at 20 years or later for all that you have paid.. surrender at 10 yr mark sure is lose money

 

[sohguanh]

Paid 25K+ premium to date, surrender value with 18K+, for about 150$ per month, 150K death coverage, paying for 10+ years liao.

naive when young. Realize the plan is pay till you die. Was thinking of surrendering the plan now and put into some high interest FD or bank. I had other death coverage plan which had about 5x the death coverage already, so not worry about the coverage part

do you think I should surrender the plan?

Generate the latest BI table and see any breakeven year or not. My spouse Msia GE insurance no breakeven year you always get lesser than total premiums paid and it is same as you pay until die. Only advantage is paid out high if you die more like term insurance concept

Indeed I surrender my one old ntuc whole life last time and go for Tokio Marine limited premium whole life version so no need pay until you die. Pay finish at year X policy effect until I die

 

[JuniorLion]

Paid 25K+ premium to date, surrender value with 18K+, for about 150$ per month, 150K death coverage, paying for 10+ years liao.

naive when young. Realize the plan is pay till you die. Was thinking of surrendering the plan now and put into some high interest FD or bank. I had other death coverage plan which had about 5x the death coverage already, so not worry about the coverage part

do you think I should surrender the plan?

Rather than surrender, you can consider selling. I am interested.

 

[edwin56]

Rather than surrender, you can consider selling. I am interested.

Tried company like policymax. They don’t have this plan leh. You mean can sell? Privatized route?

 

[JuniorLion]

Tried company like policymax. They don’t have this plan leh. You mean can sell? Privatized route?

You can sell to me.

 

[Chewbaca]

Generate the latest BI table and see any breakeven year or not. My spouse Msia GE insurance no breakeven year you always get lesser than total premiums paid and it is same as you pay until die. Only advantage is paid out high if you die more like term insurance concept

Indeed I surrender my one old ntuc whole life last time and go for Tokio Marine limited premium whole life version so no need pay until you die. Pay finish at year X policy effect until I

How to generate latest BI table ? Request from the insurance company or ...?

 

[sohguanh]

How to generate latest BI table ? Request from the insurance company or ...?

For me the agent that sell to me still same company so she help me generate they got company proprietary software to help them print very fast one. But if the agent no more around I guess you ask the insurance company customer service how to print latest BI