I visited the company that manages this website and met the three founders - young men in their thirties.

https://www.policywoke.com/

They have a few policies listed in the website, amounting to a cash value of about $200,000.

I learned that they already bought these policies from the original policyholders and they are now offering them to buyers at the prices indicated in the website. 

If an investor buys the policy, the investor will have to pay the future premium and receive the maturity benefit. The projected yield is about 3.5% to 5% per annum. 

However, the projected yield is based on the projected maturity value that has a component that is not guaranteed. If the actual maturity value is lower than projected, the yield will be lower, but may still be quite attractive to the investor (say, more than 2% per annum for a duration of up to five years).

If you are interested to buy any of the listed policies, you can send an inquiry. Someone from the company will explain the policy to you, and also explain how the projected yield is calculated and the risk that is involved.

I like their approach towards this business. They already bought the policies. They can keep them and earn a projected yield that is higher than the 3.5% to 5% indicated. Their actual cost is probably lower than the price that they are now offering for the sale of these policies.

If an investor buys any of the listed policies, they will keep the profit margin (between their buying and selling prices) and use the proceeds to buy other policies that are sold to them.

I wish them all the best. 

Tan Kin Lian