Can I sell my life insurance policy?
If it qualifies, yes. We buy qualifying life insurance policies in South Africa. Not every policy qualifies, so the first step is to tell us about yours and we'll check it against our criteria.
How much could I receive?
It depends on the policy. We don't pay a fixed percentage of the cover amount. We look at the benefit, the premiums, the policy terms, the insured person and the costs of the sale, and we won't quote a figure until the policy has been properly assessed.
What happens if I can no longer afford my premiums?
Contact us before the policy lapses. If it qualifies and we want to buy it, we may make you an offer. That gives you a structured way out instead of losing the policy and the premiums you've paid.
Should I cancel my policy?
We can't tell you that. We are not financial advisers, and selling isn't right for everyone. Speak to an authorised financial adviser, and before you cancel, have the policy assessed so you know every option you have.
What happens if my policy lapses?
Depending on your policy terms and any grace or reinstatement period, you may lose the cover and the benefit of everything you've paid in. Once a policy has lapsed there is usually nothing left to sell, so the earlier you contact us, the better.
What happens to the policy after I sell it?
Once the insurer has processed the transfer, Dignity Life International owns the policy, pays the future premiums and administers it for the rest of its life. When the benefit is paid, it is paid to us, not to your beneficiaries.
Do I have to accept an offer?
No. You are free to accept or decline any offer, and you can stop at any point before you sign. Equally, an assessment doesn't guarantee that we'll make an offer.
Is my information kept confidential?
Yes. Confidentiality is one of our principles. We handle your personal information in line with POPIA, and we only ask for medical information with your consent.