I am looking at the Aviva My Retirement Plus. In the illustration when one pays 16K for 10 years then receive an inflation adjusted payout of 1K/mth until 85.
What will it happen if the holder decides to stop paying the premium at 5th year when migrate to another country? Surrender with a big loss, or receive a pro-rated payout according to the premium paid and schedule, or what other exit strategy can the holder take?
I wonder whether there are any easy and hassle-free retirement savings plan where the buyers can put in money as they wish and the interest increases with the time the $ stays in like the SSB then after retirement the payout also follows some automatic prearranged schedule, and most importantly, removing insurance agents' cut?