Can I lose all my money if I stop contributing early?

Typically, these savings plans have an 18 month `indemnity period`.  This translates to the fact that if you stop contributing during the initial period you will lose all your hard earned money.

If you stop contributing after 18 months, it is a common misconception that you will likely lose all your money.  In reality your investment will be eaten up by the high charges.

Are the plans flexible? 

No is the short answer. They are sold as such and sadly this is generally not true. In the terms and conditions it does state that once the initial period is up or completed, you can stop contributing, decrease or increase your premium. The ramifications of this could be seriously negative and in every case will negatively effect the end results.

This is due to the charging structure being based on the initial premium.  So if you started with a $1,000 per month premium and then reduce your premium to $500 a month, the charging structure percentage will still be linked to the $1,000 premium. In effect doubling the charges you will pay!