u/Ok-Neck5584

Hi. I signed up for an insurance plan 4 yrs ago (Sept 2021) with a face amount of ₱500k, paying 28,595 annually. It was an impulsive decision and I didn’t really think it through before getting it.

I’m 37, a breadwinner, not married, and with no kids. I’m considering stopping my payments and possibly withdrawing (not sure if that’s the right term). I checked the Sunlife grepa app and saw that the fund value is ₱63k as of this month. is that low for almost 5 yrs or tama lang? I’m not sure if it’s still worth continuing.

To be honest, my budget has been getting tight, which is why I’m thinking of stopping it and just investing in MP2 once things ease up. I also have insurance and HMO provided by my work.

Any advice would be appreciated. Thank you.