I signed up with a fund management company to plan for retirement. When I tried terminating an ILP to split investment from insurance, my insurance agent raised some points against the termination?

Well, here's a fact. There is nothing from an ILP in the investment component which cannot be replicated from a broker.

The only 2 real benefits revolve around

1. Cost efficiency with increasing insurance upon death.

2. The treatment of assets on your estate upon death.

If you want cost-efficient investments, go for a broker. Heck, a Roboadviser will work.

If you need the 2 benefits outlined above, it will be wiser to stick to an insurance company.

14% is aggressive. I will ignore that projection. Stick with 8%. 8% is aggressive for equity, even by that measure.

Follow me here.​​​

You don't need to go to a fund management company just to invest in index fund. 1% fees for index funds on a 5.5% projected returns is simply a bloody joke

lower cost alternatives will be the robos (stashaway and endowus for example).

ILP 14% returns less fees 6.25% = 7.75%

again, you could be better off investing in index funds through robos.

robos charge 1% and give market returns (last 10 years was about 10% returns yearly)

at 6% management fees, i would expect some exotic funds will more interesting returns.​​​