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Anonymous

31 May 2020

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Realised my ILP monthly statement charges are around 15% of funds amount invested. Is it common for it to be so high?

Prulink ilp. Realise monthly statement account the charges is about 15% of invested amount. Example a fund is invested $54, charges is $8. That is really high. I am only age 30.

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Pang Zhe Liang

31 May 2020

Lead of Research & Solutions at Havend Pte Ltd

We need to know more about the policy, e.g. whether it is a protection based investment-linked policy or an investment-linked policy that is mainly used as an investment. For the latter, such charges may not be common.

Meanwhile, it will be good to spend quality time to understand the premium allocation and charges involved over time. This gives you a better understanding on the policy and whether it is reasonable and sustainable.

I share quality content on estate planning and financial planning here.

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Al

31 May 2020

It is likely that a portion of that fees goes directly to insurance charges. You need to speak to your consultant to get a better idea of what you are paying for the fees. This sounds like a whole life objective policy rather than an investment objective policy.

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Boon Peng

31 May 2020

Generally speaking, ILP has one of the highest fees among all the insurance products. I generally wo...

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