Selling
Is selling a policy legal in Singapore?
Yes. An assignable life policy can change owners by absolute assignment, a transfer the Policies of Assurance Act 1867 recognises. Some policies cannot be assigned, such as those held in a trust or pledged to a lender.
Do I keep my life cover after selling?
No. Once the policy is assigned to us, its benefits, including the death benefit, are paid to us. Arrange new cover first if you still need it.
How do you work out your offer?
We value the guaranteed maturity benefit and the bonuses already added, take off the premiums still to pay, and work it back to today at the return we need. More on resale value
Will you always pay more than surrender value?
No. Eligible policies may fetch more, but not every policy does. Your written offer shows your net surrender value beside our price.
Which policies do you buy?
Participating endowment and whole life policies from the main Singapore insurers, paid in cash. The full list
What happens to my nominee?
A revocable nomination generally ends when the policy is assigned. A trust nomination usually blocks a sale. Your insurer can confirm which you have.
Surrendering
How do I surrender a policy?
Through your insurer's own form, app or portal. Every major insurer's route
Why is my surrender value so low?
Set-up and distribution costs are recovered in the early years, so the value often stays below premiums paid for some time. Surrender value explained
Can I undo a surrender?
Usually not. Once the insurer has processed it, the policy has ended.
Can I cancel a policy I bought recently?
A new policy usually has a free-look period, typically 14 days, in which you can cancel it under its own terms. That is not a surrender.
Money and timing
What does it cost me?
Nothing to get a check or an offer. Fees and payments
How am I paid?
Into a bank account in your own name, after your insurer records the assignment.
How long does a sale take?
It depends mostly on how quickly your insurer records the assignment. Your written offer includes a timetable.
Do I keep paying premiums during a sale?
Yes, if one falls due before the assignment is recorded, so the policy does not lapse.
Safety and rules
Is it legal to sell my policy?
Yes. A policyowner can sell by absolute assignment, unless something such as a trust nomination stands in the way. Is selling legal?
Are you regulated by MAS?
No. MAS does not regulate buyers or intermediaries of traded life and endowment policies. Your policy stays with your licensed insurer, which records the assignment. MAS and policy buyers · Risk disclosures
Why don't you ask for my NRIC?
We don't need it to tell you whether we would buy. We ask for identity documents only when completing a purchase, and then only through a secure upload.
How do I know you are genuine?
Contact us only through the WhatsApp number and email address shown on this site, and never pay anyone to receive your money. How to spot a scam · Policy scams to know
What if something goes wrong?
Tell us and we respond on a set timetable. If you are not satisfied, you can go to the Consumers Association of Singapore. Complaints
Is this financial advice?
No. Our guides are general information. For advice on your own situation, speak to a licensed financial adviser. Useful resources · Glossary