Singapore Insurance

Many people might not know that they can actually buy resale endowment plans from various companies.  This is usually not sold directly from insurers but are instead sold by companies like REPs Holdings which buys endowment plans from people and sell it onward to other people who might wish to purchase these "used" endowment plans.   What is clear is that these plans do not provide any form of insurance as the insured person remains as the original policy owner who bought the plan from the insurer.    After paying it for a few years, the original policy owner probably does not wish to pay the premiums anymore but instead of surrendering it to the insurer, they can sell it to another individual who is willing to take on the premium payments and of course benefit from the final guaranteed/non-guaranteed amounts that come at the maturity of the endowment plan.   The original policy owner benefits since he/she is probably able to get a much higher cash value from selling the endo