Mar 15 2021, 04:23 PM
QUOTE(eddyooi @ Mar 15 2021, 03:58 PM)
that means we actually get back a lot
like i have been paying rm2k /yr for life ins. 20 years in force
meaning total paid rm2k x20= rm40k
now i got guaranteed cash value rm16k. plus accumulated bonus of rm14k
so i will get back rm30k.
meaning i only have paid rm10k for 20 years of life insurance. so its atually good to take life insurance long term
Sorry to ask you this: Is surrender Value 18k, 16k or 14k? like i have been paying rm2k /yr for life ins. 20 years in force
meaning total paid rm2k x20= rm40k
now i got guaranteed cash value rm16k. plus accumulated bonus of rm14k
so i will get back rm30k.
meaning i only have paid rm10k for 20 years of life insurance. so its atually good to take life insurance long term
If you can provide the actual policy/product name, might be more helpful for other GE agents to provide input. Different products, different terms and conditions on the surrender Value and Bonuses.
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