It's time to update my endowment plan, investment-linked plan (ILP) and whole life plan.
1. Endowment Plan - HSBC Target Saver
That's a 21-years saving plan and I had completed my last payment in July 2025. The plan will be lapsed in July 2026, and I will receive one lump sum payout of S$67,134.
Surrender Value: S$67,134.
IRR: 2.24% only.
2. Investment-Linked Plan (ILP) - 100% AIA Acorns of Asia
The performance of the ILP sorely depends on the fund that you have chosen. Since AIA Acorns of Asia had gone up significantly, reaching my desired level of S$4 level, I decided to surrender the plan. I sold the plan just last week (Sep 25th, 2025) and I shall receive a payout S$67,564.01.
Surrender Value: S$67,564.01.
IRR: 2.20% only.
3. Whole Life Plan - Tokio Marine
I have completed my last payment in February 2025. So, this life insurance will cover me for LIFE.
If and ONLY IF I want to surrender this plan at age 66 (for an example), I will get back S$163,341.
Surrender Value: S$163,341.
IRR: 3.02%.
Whole Life Insurance plan is not meant for surrendering while you are alive, that's not the intention of the Whole Life Insurance.
You shall leave the greatest legacy to your next generation.
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