What Drives the Performance of Your Cash-Value Insurance Policies
A review of the 2025 participating fund health check by Milliman has been shared, providing insights into the performance of cash-value insurance policies.
In Singapore, the 2025 participating fund health check reveals that certain insurance policies, such as whole life insurance plans or endowments, have cash values that are driven by the performance of the participating fund.
- Term insurance policies have no cash values.
- Investment-linked policies or universal life policies are invested in separate unit trusts and funds, and are not considered cash values.
Most of the information available to Milliman is available to you because they were published by MAS.
The article aims to present Milliman's findings, rather than interpretations by others.
Author's summary: Milliman's review sheds light on cash-value policies.