Resale endowment policies as an investment option - higher returns in a shorter duration.
Thanks to several financial advisors on Seedly, I recently found out that a secondary market for insurance policies actually exists in Singapore, with the most reputable being REPs Holdings Pte Ltd. In the event where you're thinking of surrendering your policies, you could in fact sell it to a company like REPs Holdings, and get more money back than the surrender value offered by the insurer.
So when their team from RepsInvest (REPs Holdings Pte Ltd) reached out to me to say that one can buy resale endowment policies as well, I was intrigued and met them several times to find out more. This article shares my findings.
What are resale endowment policies? (REPs®)
These are basically traded/secondhand endowment policies which provide opportunities for new investors to take over and continue the remaining term to maturity.
The process...