I know that market timing is not the favorite subject in this forum but I have the following opportunities :
I signed a (f***) life insurance contract linked to my 3rd pillar in 2013.
Keys numbers :
- I already paid 7 * 4000 = CHF 28’000
End of february, the insurance wrote me following :
- Funds from the “réserve mathématique pour la garantie” : CHF 20’742
- Funds from the exceeding fees invested in funds : CHF 1’439
Only the CHF 1’439 are subject to market fluctuations (which of course has crashed since february)
Loss on this policy : 28’000 - 20’742 - 1439 = 5’819 (certainly a little bit higher since market crash).
My question is the following :
Should I cancel this policy as of end of april 2020 and transfer this money in my VIAC 3rd pillar ?
Take a death insurance not linked to my 3rd pillar (I have 2 little kids). Generali for example offer for ~250 CHF premium per year a constant insured capital of CHF 200’000 for 20 years.
Thank you for your help and advices !!