Prulife Insurance

Hello. New here in reddit. Badly need some of your wise advice. So, I have 4 policies for my father (55yo), husband (32yo) and two kids (4yo& 2yo).

All of these policies are years na. Pinakamatagal kay Papa-5yrs, sa eldest ko-4yrs, youngest-3yrs and kay husband-2yrs. So yung sa first three, may fund value na yun. If susumahin, I’ve paid ₱524k sa 4 policies na yan.

My dilemma now is, hirap na kami to sustain the payment of the premiums lalo pa lumalaki na yung mga bata, lumalaki na rin monthly expenses namin.

These are my options:

Panindigan. Bahala na si batman ganun. Ang style kasi ng agent is siya muna magbabayad tapos pag dumating na mga bonuses, babayaran ko lahat yun. Kaya sustaining naman pero almost 3/4 ng bonuses namin mag-asawa, combined, ay napupunta doon.

Partially withdraw up to the maximum then never top-up, syempre dun kukuha sa natitirang fund value hanggang mag-lapse na yung policy.

Surrender the policy with policy surcharge. Sudden stop na ang insurance once ma-approve yun pero makukuha ko almost lahat ng fund value which is nasa ₱140k sa 3 na policy as of today.

Kindly help me decide please. Salamat!