Sir I paid 5 premiums of Sbi Life smart wealth builder 1 lakh per annum with 50 percent equity and 50 in balanced what
should I do. I am 54 years old.
Ans: It's understandable to reassess your financial commitments, especially as you near retirement age. Your decision to review your SBI Life policy is a wise one.
Considering scheme performance and charges, surrendering the policy and reinvesting in mutual funds could align better with your goals. Mutual funds offer flexibility, diverse investment options, and potentially higher returns.
Reflecting on this transition, it's essential to appreciate the lessons learned from your previous investment choices. Life is a journey of growth and learning, and adjusting our financial plans is a natural part of that process.
Consulting with a Certified Financial Planner can provide valuable guidance tailored to your specific needs and aspirations. Remember, it's never too late to realign your financial strategy to better suit your circumstances and goals.