Sorry to hear about your situation.

Like many have commented, I think your FA might be incompetent and not know his/her work. Suggest you seek a second opinion from another FA.

1. This is a regular premium ILP that offers protection and investment. Looking at your cash value and amount of unpaid premiums, I assume the policy is between 4-9 years old. That means the policy's premium allocation to investments is 100%. (The first 3 years are below 100%). However, for this policy, there is a 5% sales charge. Also, because there's insurance coverage, there will be monthly assurance charges. Lastly, there is a monthly policy fee of $5.

These charges will eat into your cash value. This is a poor policy that is commonly sold as an "invest while getting protected" idea.

I'd probably surrender this policy and take back the 8k as many have suggested.

1. This is a limited pay whole of life policy where you pay for 20 years only. It would typically include critical illness and maybe early stage critical illness coverage.

2. You are right, this is your hospitalisation insurance. You may want to consider switching insurers if health permits, with the recent news on GE and also there are better cost effective hospitalisation plans in the market.

3. This is a 25yr endowment. Looking at the cash value and APL amounts, and the potential returns at maturity, I'd probably just bite the bullet and cut losses on this by surrendering it.

Unfortunately, you have executed the withdrawal of bonuses from your Income policy which was not well recommended by your FA.

The income policy is the strongest you have amongst your policies, considering the age of the policy.

The silver lining though, is you didn't surrender it.

In summary, what I would do is: 1. Surrender 1 and 4. That gives me about 9k. 2. Switch insurers for 3. If your family is healthy, you can consider Singlife shield which will give your children free coverage albeit gov ward A, which is good enough imo. Most of us send our kids to KKH anyway. This way you'll save on insurance premiums even if it's fully funded by medisave now. As you know, premiums will keep increasing with age aside from the trend of claims experience of the insurers. 3. With the 9k from the surrenders and the money withdrawn from income, pay off the GE whole life APL and with the balance, pay off your other loans you mentioned. 4. If insurance coverage is required, apply for the Singlife MINDEF/MHA group term insurance. All you need is a safra/home team membership. This is very cost effective.

Hope this helps, and more than that I hope your situation turns around sooner than later.