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PolicyPal
18 Nov 2020
Official Account at PolicyPal
Investment-linked Insurance Policy (ILP) is an insurance policy that combines life insurance coverage with an investment component. When you buy an ILP, your premium will be used for two purposes - purchasing life insurance overage and paying for units in one or more ILP sub-funds.
As your returns are based on the performance of the sub-fund(s), it is important to choose your financial advisor to understand more about your portfolio of sub-funds. Ideally, your portfolio should be well-diversified with good long term performance projection. There should also be an acceptable risk level.
You can arrange a free financial portfolio review with us to help us provide a recommendation that is best suited to your needs.
To find out more about the pros and cons of ILP, do check out our guide for ILP.
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Baby Steps Finance
29 Oct 2020
Seedly Student Ambassador 2020 at Seedly
Hello Kiat Siong, welcome to Seedly! For ILPs, you should consider Funds that are:
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I strongly urge you to reconsider getting an ilp, the fees are insanely high and you're better off with other investment vehicles at a much lower fee.
fees eat into your returns, and just do a quick google to find out and read the many articles on why you should not get an ilp