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Jiachao

10 Nov 2020

∙

I hear that is is possible to sell your ILP plan. Does anyone know where and how I can sell them?

I've decided to end my AIA Pro Lifetime Protector - Plus ILP which is unsuitable for me and is nearing the end of the $0 surrender value period (almost at the 1 year mark) and I would like to get some money out of it by selling it if possible. Is there a marketplace or broker that can help me offload mine? Or is surrendering with $0 surrender value my only choice?

I'm set on getting rid of it, so please do not tell me that I should keep it.

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Elijah Lee

10 Nov 2020

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi Jiachao,

Unfortunately the resale market is limited to plans with cash value, such as endowments.

You'll have to surrender it with $0 value.

I'm sorry that you ended up buying an unsuitable product, it's not the first time I've heard of it happening.

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Jiayee

08 Nov 2020

Salaryman at some company

Not sure about ILP, but I see whole life insurance and endowment plans mentioned at https://www.repsholdings.com.sg/

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