Why Sell Your Policy
An insurance policy is probably one of your greatest assets. They offer you a way to save for the long run while giving you the insurance protection that you need.
Yet, you do not have to necessarily surrender it back to the insurance company when you do not wish to continue one day. Neither should you let it incur policy loan and lapse eventually.
Like most financial assets, you can sell your policy for higher value to buyers who are willing to take over and pays you a higher price for it.
The process of policy transfer to another party through absolute assignment is legal and accepted in Singapore.