Ok, I have a question.

I am in the middle of reviewing all my insurance policies for myself, wife and kid. The reason is I think I've overbought, and am paying too much currently.

For policies with are investment-linked, is it feasible to readjust the policy to cut out the investment portion? Or is my only choice to surrender the entire policy?

HLA.

Actually, i've just called to enquire, and it seems I can. However, the agent has told me that it is more or less like switching to a new policy.
- My Insurance premiums will be recalculated to start based on my current age (my previous policy was bought 3 years ago)

To give more details about the policy:
- Insurance component is made up of life coverage (up to 100yrs), TPD and PA
- The investment portion goes to about 3 different HLA UT funds.

Is what the agent said true? What else do I stand to lose by 'switching' to a new policy.

Also, does this mean that the premiums I've paid over the last 3 years are essentially wasted? (excluding the investment portion)

This post has been edited by huntedmunkie: May 5 2009, 11:41 PM