We are the service provider for Singapore Resale Endowment Policies since 2010.
Endowment policies are savings plans with a fixed term (10, 15, 25 yrs) and a known maturity date.
Just like other personal assets eg. cars, properties, their ownership are legally transferable.
For policyholders who are discontinuing their endowment, instead of having the policies terminated upon premature surrendering, the policyholders can get more than the insurance company surrender value by selling to someone who will then continue with the remaining terms.
While we understand some policyholders may be eager on the cash-in proceeds, it may be difficult to find a buyer who are looking for the same remaining terms, yearly amount and the initial price as their policies on a short notice.
Our company facilitates by becoming the immediate new owner and paying policyholders higher for their policies. Buyers who are interested in taking over Resale Endowment Policies now have a wide range in our holdings to choose from.
At REPs Holdings, we conserve policies and enhance values.