Currently Dec’24, many ongoing promotions from companies promoting the Investment-linked policies such as Etiqa Invest Smart Flex, HSBC Life Flexi Protector, AIA Pro Achiever 3.0, FWD. your views?

I would prefer to invest with roboadvisor over ILP.

As we close out 2024, I've noticed my clients, especially those planning for marriage and home ownership, getting bombarded with ILP promotional offers from various insurers. While these year-end promotions from Etiqa, HSBC Life, AIA, and FWD might look tempting, let's take a step back and look at what really matters.

Let's clear up some common misunderstandings I'm hearing:

1. "These promotional crediting rates mean better returns"
   Reality check: These rates usually only apply to initial periods under specific conditions. Long-term performance depends much more on fund selection and management.

2. "It's the best time to get an ILP because of the bonuses"
   Think bigger: Your financial readiness and long-term goals matter more than temporary promotions.

3. "All these ILPs are basically the same"
   Not quite: Each product has distinct features. For instance, AIA Pro Achiever 3.0's withdrawal flexibility differs significantly from HSBC Life Flexi Protector's options.

For young professionals weighing these promotions, consider:

• How do the premium commitments fit with your other goals? (That BTO down payment isn't going to pay itself)
• Are you looking for pure investment growth or a protection-investment mix?
• Can you maintain these premiums through job changes or market dips?

The real question isn't about which promotion to grab, but whether an ILP fits your overall financial journey. Sometimes, a simple combination of term insurance and direct investments better serves your goals than a promoted ILP.

Having guided numerous professionals through various life stages, I've learned that successful financial planning isn't about chasing promotional rates – it's about building a portfolio that grows with you through life's milestones.

For more practical insights on navigating your financial journey, follow me on Instagram @ngooooied where I share real case studies and actionable tips for young professionals.

Have specific questions about your situation? Drop me a DM.

Ngooi Zhi Cheng
Financial Consultant, 3x MDRT Qualifier
Estate Planning & CPF Optimization Specialist

If you understand investment then it will be better. With such plan, it may suit certain people. For my case, I buy a safer insurance plan.

Please do due diligence and don't just rely on the promotion and agent.