Recently i heard a lot of negative views on ILPs (High distribution costs, fees etc). Is it really better to just get a term and invest with low cost. investment platform. ILPs really have no value?

ILPs DO HAVE their value, don’t be fool by the posts online~

It’s just what kind of values and if they are beneficial to you~

In general, most people that have negative views about IPLs tend to be more knowledgeable in economy and finances. This allows them to make more informed choices and invest “better”

ILPs is good especially for those who do not want to learn investment at all, or damn bad at it… then they can just put the $ to the agent and help them invest instead, everything cost money ya, they not gonna do it for free~ thats why the high fee mentioned

Personally I can give 10 negative views on ILPs, simply because I already have the knowledge of investment~~

But then it’s the person loss if he/she does not want to learn investment~

#Negatives view on ILPs mainly cause by the misinformation between agent and customer, once they start to learn about investment, they will complain and complain how the agent did not explain carefully blah blah blah, or the customer did not think about the con of it~ ILPs are innocent :/

Even for people with no or little investment knowledge, one should go for robos and digital advisors for investments. ILPs used to be one of the few ways for retailers to access investments at low DCA monthly premiums. these days, robos allow $1 min. easier to start investing, compared to ILPs $200-300/ month min.

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of course, i am not saying to jump in robos blindly. as with all things, robos or ILPs, we need to look at things and question the advisors throughly before puting our money down.