What are the pros and cons of AIA wealth pro advantage?

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AIA Wealth Pro Advantage (WPA) combines the concept of savings + investments in it. This is for people who feel they want to invest but still want a guaranteed portion too since investments are not guaranteed. Ultimately whether the plan is good or not depends on whether it meets your needs within your desired time horizon. Think of this as half an endowment, half an investment.

Typically, most of my clients separate their savings and investments. Also, I'll normally encourage my clients to go for a 100% investment-based ILP (eg. AIA Pro Achiever). Take note thaat for WPA, the amount of premiums thats invested is gradually increasing due to the initial years of premium charge.

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AIA Wealth Pro Advantage is a combination of both a participating component from an endowment savings policy and at the same time allows you to invest through AIA investment-linked funds.

Participating Policy

For the participating component, your premium will be invested into AIA's participating fund. Accordingly, you share the profits from the fund's performance while protected against the downside from investment risk.

More Details:

What is a Participating Fund?

Investment-Linked Funds

At the same time, the other portion of your premium is invested into AIA investment-linked funds. You may choose what type of funds to invest into, or to tap on expert advice from global investment firm Mercer.

It will be good to know the latest fund performance to this end.

More Details:

AIA Investment-Linked Fund Performance Update

Now that we have a basic understanding of how AIA Wealth Pro Advantage works, the advantage is its ability to accumulate your wealth through guaranteed and non-guaranteed returns. For this purpose, we leave the wealth accumulation journey to the experts, and you do not need to have technical expertise in order to begin.

On the other hand, you need to have the patience in order to reap its optimal returns. In order to do this, I will suggest for you to speak with an experienced consultant to explain further.

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