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Anonymous

15 Apr 2022

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What are the costs for ILP? I was told the cost is around 3-4% per year which is relatively high.

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CH

16 Apr 2022

3-4% may only be the fees for the fund managers.

there may be also sales charges, platform fees, costs of insurance, processing fees, selling fees, cancellation fees, switching fees.......

I had an experience of a closed one where the fees add up to 50% of permiums. after 10 years, the funds have not even broken even, and this is in the background of a strong bull market in the last 10 over years. If the person had not surrendered in time, the fees now might even be more than the premiums paid.

think carefully what advantages does the ILP bring to justify the high costs.

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