Asked on 24 Dec 2020
I thought unit trust might be better because of commitment issues, where I can liquidate. Unlike ILP, which there will be withdrawal charges and a tenure of like 30years.
I’ve heard both have relatively high fees.
Or is there a better alternative altogether.
Financially these hybrid plans never work out. Your 'friend' should have known better.
How to burn your dear money, you can listen to here:
PolicyWoke, 2nd-hand endowment policies broker at PolicyWoke
Answered on 26 Dec 2020
There are alternatives such as Endowus, where you can invest passively in unit trusts, with no sales charges and 100% trailer fee rebates to help lower your overall costs.
You can even schedule a call with a financial advisor there:
What you can do is, look at the pros and cons between AXA Pulsar and Endowus's solutions, and decide for yourself if you wanna sign up either one or even both.
Disclaimer: PolicyWoke is a 2nd-hand endowment policies broker
Hi Sara as a Financial consultant/agent myself I hope I can provide some clarity for you. ILPs are g...
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