FWD Invest First Plus vs AIA Pro Achiever 3.0 or other alternatives to grow wealth?

Hello everyone,

Embarking on the journey of growing your wealth is indeed a thoughtful decision, and choosing the right investment-linked insurance plan (ILP) is crucial. I've encountered many individuals like you who seek wealth growth with minimal monitoring. Let me share a transformative case study from a client who, initially not inclined towards investing, found a suitable ILP tailored to his low-risk preference.

When evaluating plans like FWD Invest First Plus and AIA Pro Achiever 3.0, or any alternatives, it's essential to overcome the myth that ILPs are exclusively for experienced investors. The reality is, modern ILPs often offer flexible options catering to various risk appetites, making them suitable for those less inclined toward active monitoring.

My advice is to consider your risk tolerance, investment goals, and the fees associated with the plans. Look beyond the surface features; delve into the fund options, historical performance, and any additional benefits offered. If you're unsure, consulting a financial advisor can provide personalized insights aligned with your financial goals.

In my practice, I focus on empowering individuals to make informed financial decisions at their own pace. I understand the hesitancy towards investing, and my approach emphasizes tailored solutions that align with your comfort level. Feel free to connect on Instagram (@ngooooied) for more insights and to explore how you can grow your wealth without unnecessary complexities.

Best regards,
Ngooi Zhi Cheng

ILPs are largely advisor driven, in that they should be the ones monitoring the fund performance for you.

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So a few things to note.

1. How competent is your chosen advisor in analyzing funds and investments? Does he/she live and breathe investments/finances? In my experience, I've only come across ONE advisor who does this.
2. Has your advisor read the prospectus of the funds selected? Important. Some advisors I've come across don't even read and need help to even know when does the fund pay dividends.
3. Why not consider other platforms that may have lower fees as compared to an ILP product, if you really want unit trusts as an investment vehicle.
4. Modern day ILPs require a commitment period of a certain premium amount over a certain period of time. If you are unable to commit to this, do not sign on the dotted line.
5. I'd suggest using a robo advisor to invest since you do not have experience in the area. They may propose portfolios catered to your risk appetite and will typically adjust the portfolio over time based on market situations. Fees will be much lower as well.