Insurance policies are stable assets for wealth accumulation. By taking over policies that have been continued till mid-way, the company saves time compared to starting a new policy and therefore will be willing to pay a premium above the surrender value.
Most insurance policies are generally assignable. However, the company only buys in whole life policies, endowment policies and selected insurance policies with cash value.
Upon furnishing the policy details to us, we will conduct an assessment of the policy to give you an offer price. After that, we can meet at the respective insurance company as soon as the following working day to complete the assignment process which will take approximately 30 minutes.
Upon furnishing the policy details to us, we will conduct an assessment of the policy to give you an offer price. After that, we can meet at the respective insurance company as soon as the following working day to complete the assignment process which will take approximately 30 minutes.
The default payment will be Paynow/Bank transfer to you immediately after we have completed the assignment forms at the respective insurance company.
You will just need to bring along your NRIC if you are a Singaporean/Singapore PR. You will also have to bring along the original policy certificate/booklet to handover to us.
Once the assignment papers has been submitted, the responsibility of servicing the future premiums payable under the policy shall rest upon us.
There’s no issue on selling these policies to the company if we have assessed them to be suitable. You could still get higher payment and more money by selling to us.
The risks by selling your policy are almost similar to surrendering/terminating it. You may or may not incur some losses, but you will certainly lose all the insurance coverage that comes with the policy.
We will quote our offer price based on your policy information given. It is usually valid for a week but there is strictly no obligations on the part of the company to buy in the policy. We reserve the right to revise or withdraw the offer at any point in time.