Agent A says ILPs offer exclusive coverage not available for policies like term etc. But was told by another FA that its not advisable to add insurance coverage to ILP as COI is generally higher

Hi anon,

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There's no free lunch. If there's some exclusive coverage that you can get only via an ILP, the real question you need to ask would be "What are the cons?"

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My stand on protection ILPs is quite clear, and I have yet to see a case whereby an 'exclusive' coverage was worth the costs that an ILP brings.

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Of course, I speak in general terms, as there aren't any specifics in your question, but I believe that it is very unlikely that there will be a significant advantage if you were to go with an ILP for some form of 'exclusive coverage'.

There are different kinds of ILP. The newer kinds are just pure investment. For those ILPs that have protection + investment, there is a time and place for it but generally, for adults, it is not great.

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The information your provide is not sufficient to advise what "coverage" you are referring to but in general, you can just get a WL/Term policy for your coverage.