What are REPs + How it works
What are Traded / Resale Endowment Policies? (REPs®)(TEP)
EVER HEARD OF THIS SAYING 'TIME IS MONEY'?
There is an old saying ‘Time is Money’.
In the past, one can simply trade his time for money. You can always put in more hours into your job or business to earn more income.
The original phrase is often assigned to the great aphorist Benjamin Franklin, who wrote in his 1748 essay “Advice to a Young Tradesman,” “Remember that time is money,” before going on to remind his youthful reader of the opportunity cost of laziness. When you’re not working, he says,you’re really just throwing potential earnings away.
How does that translate to the modern era in the 21st century? Most people will have a full-time career that requires almost all of their energy and effort, which renders putting in extra hours into your work impossible.
Having your money work for you is essential, If this philosophy suits you, then enquire more today and find out how Traded/Resale Endowment Policies can be the solution for you.
Traded / Resale Endowment Policies (REPs®)(TEPs)
Resale Endowment Policies (REPs®), also known as traded endowment policies (TEPs) / secondhand endowment policies (SEPs), are existing savings plans given up by the original owners before maturity. After carefully ensuring that the policies are free from any encumbrance, REPsinvest makes these endowment policies available for take over by savvy investors.REPs®/ TEPs are gaining popularity as a low-risk and proven options for portfolio diversification and long term wealth accumulations. By investing in REPs® / TEPs, you no longer need to start a savings policy from scratch and spend your precious years waiting for its’ cash value to build up. It provides an alternative to traditional investments in structure deposit, bonds and fixed deposit. With REPs, you can now earn 3-5% returns and jumpstart your savings with flexible maturity period from as short as 3 years!
What is an Endowment Policy?
An endowment policy is an insurance product that generally combines savings and insurance protection, with benefits payable according to the policy terms.
Depending on the policy structure, benefits may include guaranteed benefits and, for participating policies, non-guaranteed bonuses.
What is a Resale Endowment Policy?
A Resale Endowment Policy is an existing endowment policy that is transferred from the original policyowner to another owner.
The policy itself was originally issued by an insurer. The secondary-market transaction changes ownership of the existing policy rather than creating a new insurance policy.
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Discover how Resale Endowment Policies work and find one that fits your financial goals. Talk to our team today.