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'.

My personal opinion and techincally im doing this.

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somehow I have 3 agent from the same company.

good and bad.

get free food once in a while

but the most important part is that i can cross check information they are telling me

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or you can find one of those agent that can sell u product from any of the insurance company.

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Just saying.

the lie is that investment tied with insurance is the best of both worlds. In my opinion is BULL. Keep a simple one term one hospital and maybe an accident plan and that should be good enough.

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