Thinking of surrendering your policies?
Are you thinking of surrendering your endowment policies to raise money urgently?
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It could be you need money to pay outstanding credit cards debts. You do not want to continue paying annual premiums. To settle medical bills. To pay children Tertiary education tuition fees or wanting to go on a holiday and the reasons could go on.
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If you have decided to give up your endowment policy due to whatever financial reasons, there is a better option to surrendering your policy to your insurance company. We can give you more money than your policy surrender value.
In some cases, where you are informed that your endowment policy has no surrender value by your Insurance company, we can still take a look at your policy. There may be some hope if your policy is "sellable", you may get some money when you sell your policy to Steps Specialist.
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Why sell to Steps Specialist?
We can help you by giving more money than the policy surrender value. We provide free policy valuation with no obligations.
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At Steps Specialist, we go the extra mile to provide more money for you.
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However, do take note that we do not buy endowment policies bought using CPF or SRS money.
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​Though we do not provide any legal consultation or give financial advice, we are willing to help if you are in doubt.
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Example of a 10 Years Endowment Timeline
Example is for illustrative purposes only *
5th Year of Policy - 1 Feb 2020
Total Premiums Paid -$6,000
7th Year of Policy - 2022
Total Premiums Paid -$8,000
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10th Year of Policy - 1 Feb 2025
Projected Maturity Sum $11,200
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Start of Policy - 1 Feb 2015
$1000 Annual Premium
Total Premiums Paid -$1000
If you are interested in selling your policy, you can start by contacting us.
In the middle of 7th yr you need cash and
wishes to get hold of a sum of money.
What are your options?
Surrender your policy or sell to Steps Specialist.
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