How can I convince my parents to surrender the policies?
I hope you're doing well and everyone is safe in your family!
Recently, I checked my parent's insurance portfolio and I was shocked to know that we have 21 life insurance policies and out of which only 2 policies are term insurance (taken by my father and uncle, SA - 1cr each) and remaining policies are Endowment plans. Even my sister (13 years old) have Endowment plans.
I have tried every method to convince my parents to stop the policies, but they're not willing to do it.
Methods I choose - Show them the returns of the policies, understand the concept of insurance and term insurance, showed them some insurance videos, and even I have arranged few calls with financial advisors but they're not willing to have a conversation with them.
Please help me, I really want to surrender my new 7 LIC Endowment plans which was sold on 28th January 2020 by an agent.