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Sell your insurance policy in Singapore
Yes, you can sell your insurance policy if it has a cash value. We buy eligible endowment and whole life policies from Singapore insurers, paid for in cash, with our own money. If our price beats your surrender value, you see both figures in writing before you decide.
Great Eastern endowment, matures 2030
Conditions: you are the legal owner; no trust nomination, loan or pledge; the insurer records the assignment.
Every offer shows our price beside your insurer's figure, with each condition named. Figures are an illustration.
Policies we buy
We buy from AIA, Prudential, Great Eastern, Income, Singlife, Manulife, HSBC Life, Etiqa, Tokio Marine and FWD. Premiums must have been paid in cash.
We buy
- Participating endowmentYes
- Limited-pay or fully paid endowmentYes
- Participating whole lifeCase by case
We don't buy
- Investment-linked plansNot at present
- Annuities and retirement plansNot at present
- Term lifeNo cash value
- Hospital, Shield and accident plansProtection only
If we don't buy your policy, we say so and point you to your insurer's surrender route, with our guide for your insurer. We don't pass your details to anyone else. Insurer surrender forms
What we look at
Four things decide whether we buy and what we pay. How we value a policy
The cash value today
We start from your net surrender value: the insurer's figure after surrender charges, policy loans and unpaid premiums. If your insurer cannot confirm it, we cannot price the policy.
What is guaranteed
We value the guaranteed maturity benefit and the bonuses already added to the policy. Projected bonuses count for less, because the insurer may not pay them.
Time and premiums left
Fewer years to maturity and fewer premiums to pay make a policy worth more to us. As a rule of thumb, we look once about a third of the term has passed.
A clean title
You must be the legal owner, the premiums must have been paid in cash, and the policy must be free of trust nominations, pledges and earlier assignments.
How selling works
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First, tell us about the policy
Your insurer, the plan name, its start and maturity dates, the premiums and your latest surrender value. No NRIC and no documents at this stage.
InsurerGreat Eastern
Net surrender valueS$30,000
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Then we work from your insurer's figure
You ask your insurer for a current surrender value statement, so both of us price from the same official number.
Surrender value statement
Gross valueS$31,200
Less policy loanS$1,200
Net surrender valueS$30,000
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Then you get a written offer
Our price sits beside your net surrender value, with every condition listed. Take it to your adviser or family and compare it in your own time.
Written offer
Net surrender valueS$30,000
Our offerS$31,500
Valid until 31 October 2026
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Last, the policy is assigned to us
You sign an absolute assignment, your insurer records it, and we pay you.
Notice of assignment
AssignorYou
AssigneeSurrenderPolicy
InsurerRecorded
Before you sell
Can I sell a policy I'm still paying for?
Yes. Once the policy is ours, we pay the remaining premiums. The more premiums are left, the more they weigh on our price.
Can I sell a policy with a loan on it?
Often, yes. The loan and its interest come off the value, just as they would on surrender, and the offer shows how.
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 one you have. What happens after you sell · Who buys policies
Who receives the payout after I sell?
We do: the maturity payout and, if the life assured dies before maturity, the death benefit. The life assured stays the same person.
How long does a sale take?
It depends mostly on how quickly your insurer records the assignment. Your written offer includes a timetable.
Find out if we would buy your policy
Tell us about it and we reply with a straight answer. No NRIC, no obligation.