Curious, what are the reasons people choose to buy ILPs? And if you are an FC, what types of customers do you think are suited to take on ILPs?

Unwilling to learn to DIY/bad experiences with DIY/personal reasons? These 3 are the main reasons i can think of and ofc its SO MUCH MORE expensive since someone is helping you. Nothing is free in this world unless we're talking about our parents. Most of us have heard stories on how bad ilps are, 'high fees, shit returns, pay so long still haven break even'. If you can diy, by all means go ahead, skip ilps.

What may have contributed to such scenarios? Buying a protection based ilp instead of 101 ilp (fa did not explain properly, client didnt ask till sometime in the future), not committing to the full premium period (paid for a few years, see lousy returns, decides to forfeit and blames product after that), choosing the appropriate risk level (may have chose the lowest risk/returns wo taking high fees into consideration),

It is very rare to see people posting about their fully committed ilp premium period and if there is, some might say pay $A for X years then get only $B after so long, At least a 2-3% is better than a -2% return (inflation) for those who are not investment savy. People have to know that all investment comes with risk, doesn't mean higher fees equal better performance. What you are paying is for convenience. If the opportunity costs for getting an ilp can be justified, please proceed.

Because someone told them they're good.