Investment-linked insurance policies- How to choose 1? How to know which 1 is suitable for me? - Seedly
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Terence Lee

Asked 2w ago

Investment-linked insurance policies- How to choose 1? How to know which 1 is suitable for me?

So I have the government-mandated 1(via CPF) at ntuc income shield.

I'm looking into a 2nd investment-linked policy to add to my investment portfolio. How to choose? I notice they mainly hover around annuities. How do they work?

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Pls don't buy ilp

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Thank You!
Can you clarify
I wonder if
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Income shield sounds like the hospitalisation plan. It is not an investment linked policy.

There are few types of products which insurance companies offer:

Insurance, endowment, annunity, investment linked policy (ILP).

Start with asking yourself what do you hope to achieve.

very simply:

endowment: you get a lump sum at the end of policy term

Annunity: you get a recurring fixed payout for a number of years

ILP: you continue to service your agent's lavish lifestyle while you wonder why the policy returns sucks when the general market keep returning new highs.

hope this helps.

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Terence Lee
Terence Lee

2w ago

Is it advisable to get both an endowment and annuity policy?
CH
CH

2w ago

Yes, possible, but then again, it depends on your objectives. what is your end goal? let's say maybe you want a lump sum at 55 to put a down payment for a house, then yearly a sum from 60 to pay the mortgage. so that you do not draw down on your retirement funds. yes it is possible. plan early.
Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about
Post