For 101 ILP, how do I decide when to continue, terminate or fund switch?

I started on AXA Pulsar earlier this year, $10k/yr for 20 years with funds in Tech A, JPM China, Fundsmith and small % of gold with intention to grow $. So far it is relatively okay but I am not sure if it is because of the starting bonus or the funds. Recently read a lot of negative comments regarding ILPs but I find no reason to not trust my advisor of 5 years :/ So now I'm thinking of worst case scenario in future, if my agent changes, how do I decide what to do? What should I look out for?

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CH

27 Sep 2020

Unfortunately for retail investors, we can only rely on the fund fact sheets and whatever information agents chose to give us.

few things i look out for in a fund:

fund manager track record, NAV performance againt benchmark or against S&P500, total expense ratio, what are the funds top holdings

if fund investment thesis is no longer valid, consider to switch.

if it has been underperforming after a few years, consider to switch.

if breakeven or have partial profits already, i will consider to reduce premiums or withdraw some. (but first make sure there is no withdrawal penalty or fees)

if you think you can trust your current agent, you can always sound him out if you can still call him for advise after he leaves the company. (but beware he may also take the opportunity to upsell you his new company's products)

personally i took a loss of 30% when my ILP underperformed for 5 years even with dividends reinvested. 2017-2019 the broad market was super bullish yet my ILP was flat. The only "benefits" I got was the yearly coffee meet up portfolio review (think of free drinks was my dividends).

hope this helps

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