A drop of 19.5% in surrender value over a few months

 A policyholder asked for my view on why there is a large drop in surrender value on his policy that has occurred within a few months after the post sale benefit illustration was issued to him.

I gave this explanation.

https://fisca.sg/ArticleDisplay.aspx?ID=1044&Name=A-drop-of-195%-in-surrender-value-over-a-few-months&View=A