General Q & A's

Please note that under current legislation, it is not possible to transfer ownership on any retirement / living annuities or pension / provident / preservation fund policies and therefore they cannot be sold.

  • How long will it take before I receive settlement?

    Three working days after receipt of all correct,
    completed documentation by our offices.

  • Can I sell my policy if there is a loan on it?

    Yes, our offer is net of any loan or premium debts against the policy and we settle the outstanding debts directly with the Life Office or relevant institution.

  • What happens if I have lost my original policy document?

    We will request you to complete a “Lost Policy Affidavit” (LPA) to apply for a new one to be issued. This supersedes any previously issued policy document. An LPA should not delay the settlement process.

  • Do I pay tax on the sale of my policy?

    If you are the original owner, current legislation deems your policy sale not taxable. As individual circumstances may differ, please speak to your Tax Consultant for advice.

  • Can you sell your life insurance policy?

    Yes, you can sell your policy to a third party for cash. The third party pays your premiums and receives the death benefit when you die.

  • If I am a Financial Advisor can I also use Value Added Solutions for my clients?

    Yes, we work with financial advisors as well as direct clients.

  • Is there a way to convert my policy into cash if it is not a restricted policy?

    Yes, there are alternative solutions for different investments, but we unfortunately only deal with restricted policies and fixed deposits.

  • Can I sell my policy?

    A policy is an asset. And as with any other asset, this makes it a potentially tradable commodity – meaning you can sell it for cash.

  • Can I cash in my life insurance policy?

    Yes, you can cash out a life insurance policy before death, if you have a permanent life insurance policy with a savings component.

  • Why would investors purchase insurance policies?

    Investors take over the policy with a reduced term, and enhanced yield, to maturity.

  • What happens to the death benefits?

    The buyer, as the new policyholder, will have all rights to the policy including death the benefits, subject to meeting the insurance company’s claims requirement.

  • What happens to the policy after completion of the sale?

    The policy will be transferred into the name of the buyer, and you will no longer have to pay premiums and no longer have any rights under the policy.

  • What happens to the beneficiaries under the policy after the sale?

    Once the policy has been sold and effectively transferred, any beneficiaries under the existing policy will no longer be entitled to proceeds. The buyer, as the new policyholder, will have all rights to the benefits under the policy.

Get started by completing our Valuation Form!

I hereby authorise Graeme Lacey of Value Added Solutions to request and receive any and all information they may require on the following of my policies / investments. This includes, but is not limited to: • All current and past policy / investment values. • Any change quotes. • Copies of original application forms, loan forms, contracts etc. • Copies of any and all documentation pertaining to my / our policy / investment. • Any and all, actuarial, and other, calculations that might be requested.
Thus done and signed on this

Get started by completing our Valuation Form!

I hereby authorise Graeme Lacey of Value Added Solutions to request and receive any and all information they may require on the following of my policies/investments. This includes, but is not limited to: • All current and past policy/investment values. • Any change quotes. • Copies of original application forms, loan forms, contracts etc. • Copies of any and all documentation pertaining to my/our policy/investment. • Any and all, actuarial, and other, calculations that might be requested.
Thus done and signed on this