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Hi,
I hv a whole life policy(career plan) bought from ntuc when i was in NS. premium is 40/mth for coverage of 50k. premium is fixed and guaranteed till 85 yrs old.
annual premium is 480 while bonus declared for 2012 was 800+. cash value is abt 12k+ while premium paid to date is slightly more than 10k.
Would it be advisable to terminate this plan and use the cash value to buy a term plan for 50k or more coverage?
Thanks.
I hv a whole life policy(career plan) bought from ntuc when i was in NS. premium is 40/mth for coverage of 50k. premium is fixed and guaranteed till 85 yrs old.
annual premium is 480 while bonus declared for 2012 was 800+. cash value is abt 12k+ while premium paid to date is slightly more than 10k.
Would it be advisable to terminate this plan and use the cash value to buy a term plan for 50k or more coverage?
Thanks.
To be simple is the best thing in the world; to be modest is the next best thing. I am not sure about being quiet.- G.K. Chesterton
Do not condemn the judgment of another because it differs from your own. You may both be wrong.- Dandemis
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt.- Bertrand Russell
Do not condemn the judgment of another because it differs from your own. You may both be wrong.- Dandemis
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt.- Bertrand Russell