Cory Diary : Insurance Policy Returns

In my early article, decided to surrender my GE Dynamic Prolife with Cash Policy. It has been with me for more than 27 years. I originally planned to surrender it years ago but was tied up and other constraints. Finally, I am able to do it this week due to ability to do it more effortless now. GE has improved their process.

I am one of the sceptical guy who is worried what I will get when the policy surrendered as it will be too late to find out on surrender. Well, I finally got my answer this week. when i submitted my request and into my bank account. I kept records of most of the transactions. So able to do Return assessment roughly.

My XIRR returns is about 3.93%. If I have surrendered earlier by about 2.5 years, rough estimate assuming deducting away 2.5 years of premium, maybe about 4.2%. All this numbers are done quickly with my limited time and knowledge. Please dyodd and consult your own FA. Uncle is newbie when come to Insurance.

Compared to T-Bills, SSB and FD, this looks ok imo. Is a long 25 year wait but seems worthwhile if we considered this period. In-addition, that time 27 year old me don't even know about Stock Market. And today I have a sum to make this money work for me further.

Maybe I should include this as an achievement ?

Cory Diary

2025-0216

CoryLogics Invest Chat - No Coin, No Porn, No Penny

Telegram CoryLogics <= Link to Telegram Chat

Telegram Cory Channel <= Link to Channel

Disclaimer: The articles presented in this blog reflect personal opinions and are intended for informational and sharing purposes only. Not responsible of errors. Readers are advised to seek professional guidance when making financial decisions and should take full responsibility for their choices.