Any thoughts on AIA Pro Lifetime Protector (II)?

Considering what the others have said, you need to decide what this plan is ultimately for. If you want to earn returns then don’t choose this plan. This is supposed to be for insurance.

So if you do choose this plan, you need to ensure that the value of your portfolio doesn’t turn to 0! You can monitor your yield on the AIA app itself once you get the policy.

Currently I’m having the PRO adventurous portfolio but it is able to be customised with many of AIA selected portfolios. So to safeguard this policy it’ll not be a passive thing but something you might need to review every other year or so. If you want something safe then get term and invest the rest of your money elsewhere. But if you are planning to actively manage your ILP, make sure you have trusted financial advisors around who can aid you in the process! Best is if they also have this plan so y’all will be in this together! And remember don’t exceed 10% of your income if possible!

Hi anon,

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What is your purpose of getting the plan?

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Is it for protection?

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For ILPs that have a protection feature such as Pro Lifetime Protector (II), your premiums paid are first used to buy into their portfolio of funds. At the same time, you also specify the amount of insurance coverage that you are looking for. You have to pay the cost of insurance from your funds' value, and this cost is guaranteed to increase exponentially over time. On the other hand, investment returns are non-guaranteed, and certainly not exponential. With the cost of insurance being deducted from your investments, you can probably figure out what happens as you age. When your fund values drop to 0, your policy terminates, you have zero value in the policy, and you also have no coverage, at an age where you very likely will be too old or perhaps not in good health to get coverage.

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Long story short, I don't advocate ILPs.

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If you want to get coverage, do so with pure insurance type plans (those without any investment element). Depending on your coverage needs (Death/TPD/CI), speak with an advisor who can then recommend what sort of plans may suit you. But if I were you, I'd just stick with traditional type of insurance for my coverage.