Many were stricken with fear when they heard about the possible collapse of AIA's parent firm AIG and were concerned that their hard earned savings, which were embedded in their policies in the form of cash values, would go up in smoke.
Before you do so, think of the following questions:
1. Do you need the insurance coverage
2. Are you in good health?
3. Have you checked the cash value of your policy?
4. Paying higher premiums for your next policy
5. Losing your entitlement to terminal bonuses
6. Should you terminate your term policies or medical policies now
7. Should you terminate our ILPs?
8. Is AIA really going bust?
- It seems the risk is much lower now with the bailout of AIG and the positive statements from MAS & AIA on the sufficiency of assets to meet policyholders' obligations.
9. Taking a loan on your policy
If you are still in doubt, do seek professional advise before you just hop on the wagon blindly.
Before you do so, think of the following questions:
1. Do you need the insurance coverage
2. Are you in good health?
3. Have you checked the cash value of your policy?
4. Paying higher premiums for your next policy
5. Losing your entitlement to terminal bonuses
6. Should you terminate your term policies or medical policies now
7. Should you terminate our ILPs?
8. Is AIA really going bust?
- It seems the risk is much lower now with the bailout of AIG and the positive statements from MAS & AIA on the sufficiency of assets to meet policyholders' obligations.
9. Taking a loan on your policy
If you are still in doubt, do seek professional advise before you just hop on the wagon blindly.
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