What is the point of 101 ILP products?

Estate and capital gains tax.

The creation of the 101 originated in the UK.

As both withdrawals, and terminating due to surrender or death, is treated as insurance payout, they are non taxable.

Also, it allows insurance advisors a way to create a sales + wrap fee model via an insurance platform, with auto rebalancing features.

Before we start investing via any channel, it will always be important to understand the objective, alongside with the background and other factors that influence the decision to invest.

Thereupon, if the investment fund and the associated investment and risk maangement strategies are capable to match the objectives and long-term goals, then it will be a worthy investment.

If you need insurance, then get an insurance policy.

If you do not need insurance, then don't get an insurance policy.

Always understand the needs and find a solution that fulfils those needs. Of course, make careful planning for the future such that these goals are achievable.

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