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@sara1985 If I were you, your best move is to keep your VUL policy and just pay for the admin and insurance charges. Check with your insurer on this exact amount so you’re guided properly. Doing so is like having a term insurance only. Whatever # of variable units (or shares) your current policy...

@pursueya The best thing to do is assess your financial needs and understand your policy benefits better. I don’t know your policy details so I can’t advise you properly on what best thing to do next. How much is your policy’s sum assured or death benefit? Some VUL plans have 200% death...

@pursueya Once the VUL reaches zero fund value, the policy will lapse. You may apply for reinstatement by paying the required premium that your insurer will ask you to settle.

@monk58 Termination is surrendering your policy contract. Ibig sabihin kinacancel mo na ang policy mo. Once done, wala ka na ring insurance. So, did you mean before mag10th year, iwiwithdraw mo na ang fund value mo and mag iwan ka ng amount that will cover the annual charges? For as long as...

@monk58 Your plan is Sun MaxiLink Prime, correct? Beyond 10yrs, you won’t be billed anymore but the insurance charges, admin fees and fund management fees will continue. You check with your advisor or the Sun Life app for the monthly charges and multiply it by 12. That’s essentially your annual...

@monk58 31k annual premium mo ba ito? To keep the insurance policy in-force / active / alive, you only need to make sure that your insurance charges and admin fees are paid. It’s 31K because a portion of your premiums gets invested in a variable investment fund and being managed by the Insurance...