Any thoughts on Great Eastern’s Great Wealth Advantage? - Seedly
 

Investment Linked Policies (ILP)

Savings

Asked by Anonymous

Asked on 15 Aug 2019

Any thoughts on Great Eastern’s Great Wealth Advantage?

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I would not mix investments with insurance.

Investments should always give you flexibility to liquidate whenever, without any penalty whatsover (other than being able to accept the market price of your investments when you liquidate).

You would have more options in terms of asset classes, availability of funds, etc and greater control if you directly invest, whether on your own, or with the assistance of an independent advisor like myself. The options are very wide when it comes to the investment universe. Speak to someone to get an understanding of your risk appetite, motives, objectives, etc before you start investing. The worst thing you could do is rush into the flavour of the month without doing your research.

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Alan Kor
Alan Kor
Level 5. Genius
Answered on 15 Aug 2019

What is so good about this ilp?

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