What Drives the Performance of Your Cash-Value Insurance Policies

Understanding Cash-Value Insurance Policies

A recent review by Milliman on the 2025 participating fund health check in Singapore has shed light on the performance of cash-value insurance policies.

Not all insurance policies have cash values; term insurance, for instance, does not. Investment-linked policies and universal life policies, on the other hand, are invested in separate unit trusts and funds, which are not considered cash values.

Cash Values in Insurance Policies

Typically, whole life insurance plans and endowments have cash values, and their returns are driven by the performance of the participating fund.

Most of the information available to Milliman is available to you because they were published by MAS.

In this article, we will focus on what Milliman says about the participating fund's performance and its impact on cash values.

Author's summary: Milliman's review sheds light on cash-value insurance policies.

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