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Discussion (3)
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Rais M
25 Feb 2020
Accountant at SME
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What is so good about this ilp?
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Elijah Lee
15 Aug 2019
Senior Financial Services Manager at Phillip Securities (Jurong East)
I would not mix investments with insurance.
Investments should always give you flexibility to liqu...
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Part Investment Part Insurance is usually not a good idea.
What I do not really like about Great Wealth Advantage is the fees. 2.5% of account value over 10 years. Sounds pretty high to me. A GE agent also confirm that the fees is 'high' in the long run.
Policy Fees
We will deduct a policy fee equivalent to 2.50% p.a. of the account value on a monthly basis from the start of the policy till the end of 10th policy year by cancelling units in the fund(s) you have invested in. We may change the policy fee by notifying you 1 month prior to changing the policy fee.