the following letter is posted in the online stforum of the straits times: Mar 10, 2011 Read up on life insurance options WHILE the majority of Singaporeans own life insurance policies, most of them are not aware that the policyholder has the right to transfer and sell his policies. Insurance policies are discontinued for various reasons, and although the rate of surrender is low, it is by no means insignificant. Policyholders have the right to know their full options. The ownership of a life insurance policy can be assigned to relatives, friends, any third party or entity. An endowment policy which has lapsed with outstanding dues may have value in the secondary market. I encourage consumers to take a more proactive role in their financial matters. Abundant educational resources are readily available online. Micky Neo yes, i agree with mr micky neo that consumers here should raise their financial quotient ......