Hassle Free Application
Anyone can take up a traded policy without any health, age (at least 21 years old) and income restrictions
Strong Currency
All traded policies are in Singapore dollar which is a strong and stable currency.
No Hidden Costs
You only need to pay for the initial takeover fee and the remaining annual premium (if any) for this traded policy. No other costs are involved.
Highly Regulated
All traded policies are issued by the insurers incorporated in Singapore which are highly regulated by MAS.
Tax Free
Proceeds from the policies are not considered as income and thus free from tax.
Better Cashflow Planning
Initial Amount, Outstanding Payable Premium and Maturity Value are known and fixed and available on predefined timings.
Higher Capital Protection
Higher Capital Protection All traded policies have been running for some time with accumulated cash value. Thus, upon taking over such policies, you would enjoy a higher cash value as compared to taking up a new one. Moreover, with the inclusion of the basic sum assured, a higher guaranteed portion is created.
Shorter Time Frame To Maturity
All traded policies have already been running for some time. For instance, if a traded endowment policy has a 10 years term and you decided to take over from us at the 5th year of this policy. You only need to wait for only 5 years before maturity instead of the full 10 years term. Thus, you enjoy a shorter time frame to maturity.
Higher Returns
Generally, a traded endowment policy has been running for some years before Maxx Capital takes over. When you take over it from us, you would enjoy a return that could be double or more as compared to that of a new policy. The reasons are simply the initial costs of the policy (administrative fees, commissions, etc) have already been borne by the first policyowner and the in-built nature of this policy is that the cash value will only be accumulated at a faster rate in the later part of the policy.
In this case, a 20 years endowment plan that has finished 15 years of its duration. You can easily take over this policy from Maxxcapital with a lump sum and only need to pay only the remaining 5 years to enjoy the maturity payout.
