There is a website service (in the UK) that allows a policyholder to find someone who is willing to buy his endowment policy for a better price than the cash value offered by his insurance company.
The advertisement says:
* We offer an exclusive 'execution-only' service for people wishing to sell their unwanted endowment policies.
* Shop around the endowment marketplace in order to try and find you the best offer for selling your endowment policy.
* We will usually get you a number of offers for your endowment policy.
This is how the "trading" works. The insurance company has a monopoly of your endowment policy, and will offer you a poor value. This allows them to make a profit when you surrender your policy.
By approaching the market place, you may be able to find another buyer who can give you a higher value. They will keep the policy till maturity and still make a profit over their funding cost.
I believe that someone tried to introduce this service in Singapore. But I am not aware if it has been successful.
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