You have questions about secondary market endowment policies (second-hand policies)

Secondary market endowment policies involve the purchase or sale of existing life insurance policies. The regulatory treatment depends on the structure and parties involved.

Potential risks

Offers can involve long maturities, uncertain returns, cross-border structures and unclear rights to policy proceeds. Clients should examine who is buying or selling the policy, how payments are secured and which law applies.

SFMA’s remit

SFMA can review whether a provider is carrying out regulated financial-market activity without authorisation or whether a supervised institution is breaching duties. It does not validate individual offers or guarantee repayment.

Before investing

Check the provider, authorisation status, contract chain, fees, surrender values, beneficiary rights and whether independent advice is needed before entering into the transaction.