Resale / Traded Endowment Policies in Singapore

Singapore resale / traded endowment policies broker.

What are Traded Endowment Policies?

Traded endowment policies (TEPs), also known as traded life policies (TLPs), are those that were sold by original policy-owners to resale brokers in Singapore, and are then put up for resale as short-term savings plans. This process is done via Absolute Assignment, which you can find out more from our blog on how TEPs work.

Why Traded Endowment Policies?

Resale / Traded Endowment Policies

What Sets PolicyWoke Apart?

  • Transparent Pricing.
  • Multiple Payment Methods.
  • Revised Policy Illustration Embedded.
  • NO PDF Downloads.
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Our Happy Clients!

Bought my first traded policy with them. Prompt replies. Detailed explanation of process and policy details 👍🏻 . Overall a fuss free process for those seeking a higher interest avenue since bank interest are at a all time Low now 👍🏻 👍🏻
Father of two​
People who are new to buying 2nd hand insurance policy would be in for a great surprise as the price is cheaper than normal policies, it is a good deal if you are a firm believer in getting endowment policies as your retirement income. PolicyWoke personnel are patient and very knowledgeable in their field of work. Highly recommended.
Entrepreneur
I was completely new to traded endowment policies. With the help of friendly Ethan and Jimmy at PolicyWoke who patiently answered all my concerns and helped me to have a excellent experience at the purchase.
Mother of three​

Frequently-asked Questions

What is endowment plan / policy?

It is a savings plan issued by life insurance companies to help you grow your savings towards your financial objectives such as retirement and children’s education funds.

As a new owner and a new beneficiary of a Resale / Traded Endowment Policy (REP / TEP), what happens when the life assured passes on while my policy is still in-force?

If the life assured’s passing were then reported to the insurer, the insurer will contact you to collect the death benefit pay-out and the REP / TEP will be terminated. Otherwise, your REP / TEP will continue to be in-force as though the life assured is still alive.

As a new owner and a new beneficiary of a REP / TEP, what happens when I pass on while my policy is still in-force?

Your REP / TEP will go to the Estate. Please seek advice from an estate planner on including your RSP in a Will.

Who can buy REPs / TEPs?

Any individual who is at least 21, NOT an undischarged bankrupt and NOT a politically exposed one, or an entity can buy REPs / TEPs, subjected to insurance companies’ know-your-customer (KYC) and anti-money-laundering (AML) checks.

Any additional fees payable for buying REPs / TEPs?

No hidden fees for buying from us. The prices you see on our website is what you will be paying for. Your bank / crypto platform provider may impose a fee for your transfer, hence we recommend that you check with them before initiating a transfer.

Can I seek your advice on which REP / TEP to buy?

As we are not financial advisors, we are unable to advice on which REP / TEP to buy. The decision is entirely yours.

What is the denominated currency for REPs / TEPs?

Unless otherwise stated, REPs / TEPs are denominated in Singapore Dollars (SGD).

I am unable to make single payment per order for buying REPs / TEPs due to transaction limits.

As of 29 Sep 2020, you can make single payment of up to $200,000 via PayNow Corporate and/or FAST. You may need to change your account settings to increase the transaction limit.