Is Manulife InvestReady Wealth (II) worth investing to cover my current home loan interest? From the brochure, it looks attractive but wondering if it really is good?

As an adviser myself, i chose the funds for my client by understanding the trends of the investment. Just last year my client made 70% return on a technology fund in 2020 after the corona virus crash net the fees. it's about the competency of the advisers that determine your fund returns.

the thing about this type of plans is that people who make money will keep quiet about it, but if lose money will complain to everyone else

it's about the competency of the advisor that matters not the plan itself.​​​

There's this little big thing about ilps called fees which are the only thing guaranteed about it. There's a boatload of them for this product - product fees, admin fees, fund management fees. Not to mention the early surrender charges you mentioned.

Premiums are also fixed for the duration of the surrender charge period meaning you can't reduce or increase premiums during the 10 years you highlighted.

ILPs are adviser driven for fund selection unless you want to choose your own funds. If your adviser is incompetent in investments, you can kiss your profits goodbye. Most advisers I came across don't even read the fund prospectus and rely heavily on corporate staff to help them with product related matters. This is coming from someone who had to deal with their crap for a number of years upfront and center.

And no, I won't recommend this product or ilps. Not for the fees involved. And not for the fact that investments should not be mixed with insurance or come from an insurer. You'll be better off investing in etfs or in a robo platform instead.