Full explanation
Use the Insurance vs Investment calculator to find your policy's actual IRR (often 4–5%). If IRR is below 6%, the policy is a poor investment. Decision matrix: (1) If less than 3 years in — surrendering likely means losing most premiums. Consider making it "paid-up." (2) If 3–10 years in with high remaining premiums — evaluate surrender value + redirect to term + MF. (3) If within 3–5 years of maturity — continue; marginal return from here is decent. Never surrender without calculating. Never continue without calculating.