What is your opinion over selling our existing insurance to the company that wish to buy over our plan ? ?

It is something that is worth Considering. However, you may wish to do your own calculation and see by investing, can you make up the lost of surrendering the policy.

Its not a clear cut answer as to whether surrendering is good.

But it is a better alternative than to surrender policy to the insurer (since you still get to keep higher amount)

It is better than surrending the plan directly to the insurance company you bought the policy from.

1. You enjoy a better surrender value than the insurance company.
2. If you purchased insurance policies from a friend, your agent friend that you may have bought the policy from won't be angry at you for surrendering your plan as the plan continues to be funded, not affecting his commisions.
3. You receive cash/cheque up front from the company you surrender from. It's fast, quick and convenient.

Cheers.