Is investment link insurance good?

ILPs are better suited for those with a longer investment horizon to ride out market fluctuations and defray initial costs which can significantly limit short-term potential returns. The insurance coverage between ILPs differ.

Is ILP good or bad?

Final note. Despite being commonly labelled as “expensive”, “complicated”, or “high charges”, statistic has shown that ILP still holds a strong position in the insurance market due to its popularity. I label no product as bad(or good), because they are designed to suit people of different needs.

Why is ILP not good?

No guaranteed returns The reason why an ILP can offer flexibility in premium continuity and insurance coverage, and potentially higher returns, is also the same reason behind its largest disadvantage – the returns from your ILP are not guaranteed.

Is AIA Pro Achiever an ILP?

AIA Pro Achiever is a regular premium Investment-linked Plan (ILP) offered by AIA, which invests in ILP sub-fund(s). Investments in this plan are subject to investment risks including the possible loss of the principal amount invested.

Is AXA Wealth accelerate good?

AXA Wealth Accelerate may potentially be a good fit if the following matters to you: To participate in the long-term financial returns of investing. Liquidity or flexibility of withdrawal in your Insurance policy. Potentially higher financial returns compared to traditional Endowment and Whole Life Policy.

What is AXA Pulsar?

The AXA Pulsar is an investment-linked plan (ILP) that mainly focuses on investments. This ILP has one of the highest rates of returns available on the market as it allows you to invest in its various unique sub-funds.

Can I sell my ILP?

You can’t sell it to another person (at the moment, only endowment and whole life policies can be sold) Surrendering is your only option, but you should only exercise it after giving consideration to the alternatives, e.g. if it was providing you with essential CI cover, then ensure you have managed to continue that …

Is Prudential under AIA?

AIA had planned to be listed company in Hong Kong Stock Exchange and Securities and Futures Commission on 3 April 2010. However, on 2 March 2010, Prudential PLC, a UK-based financial services and securities company, announced that it would buy AIA for US$35.5 billion.

Can I reduce my premium for AIA Pro achiever?

Under AIA Pro Achiever, you will be able to decrease your regular premium amounts but not increase them. Your premium amounts can be reduced after the 13th annual, 25th semi-annual, 49th quarterly, or 145th monthly payment.

Is AXA Wealth accelerate ILP?

THE POLICY AXA Wealth Accelerate is a whole life, Regular Premium Investment Linked Plan (“ILP”) which rewards You with up to three types of bonuses (Start-up Bonus, Power-up Bonus and Loyalty Bonus) along the Policy term as You invest.

What ILP 101?

A 101 ILP, is still an ILP. About the only reasonable benefits I can think of is that there is a death benefit of 101\% of your premiums paid (hence, the name 101), which pretty much guarantees your capital, but only on death.

Is Pulsar an ILP?

PULSAR is a regular premium investment-linked plan (ILP) that offers a range of ILP sub-funds for investment. Investments in investment-linked plans are subjected to investment risks including the possible loss of the principal amount invested.

What is an investment-linked policy (ILP)?

An investment-linked policy or investment-linked insurance policies (ILP) are a two-way financial product offered in Singapore. The premiums you make meets both your insurance and investment needs. The investment part of an ILP covers both the insurance and returns aspects of your policy.

Is it bad to get an investment-linked policy in Singapore?

Articles written are independent opinions, and are not affiliated/sponsored unless specifically mentioned. You may have read from various forums, Facebook groups, or even heard your friends saying that getting an investment-linked policy in Singapore is bad. Well, it could be bad if you get the wrong type.

Can I switch my ILP funds?

However, as ILPs are long-term plans, the fund you choose today might not be the fund that suits your needs a few years down the road. Some ILPs allow free switching of funds. This allows you to optimise your investment returns by switching your investments to another fund when you deem fit.

Are ILP’s worth it?

An ILP could potentially give you higher returns than other types of policies, such as endowment plans. Lest it reminds you of a marketing hook employed by insurance agents, the keyword here is ‘ potentially ’. You shouldn’t put complete faith in this statement, although there is some degree of truth that ILPs can give you more bang for buck.