Advice: How to restructure your life insurance

QUESTION

Dear Mr Tan

In today's global market condition and removal of the iron rice bowl, job security are now being a thing of the past. Many Singaporean whom have bought numerous
life insurance policies found that they are not able to keep up with the long term payment.

This has resulted in cancellation after emptying accumulated bonuses to pay their insurance premium. It is no longer attractive to make a long term commitment.

I am a victim of multinational company relocated from Singapore to New Delhi.

REPLY

Dear

I will get someone to assist you on restructuring your insurance plans, as follows:

- surrender for the cash value
- NTUC Income gives generous values compared to other insurance companies
- invest the cash value in our combined fund (for flexibility and attractive return)
- make flexible savings under our Ideal plan
- take a decreassing term assurance for your coverage (it cost you much less)