Asked on 04 Apr 2020
I have some ILPs that I do not want to maintain. Giving up on the plans would mean I actualize the losses ~10-15k.
My current plan is to get term insurance. And re-investing the remaining value into ETFs and holding it over a long term. In doing so, does it make sense that the loss I incur would be that of (whatever management fees in the past) and also to buying units of ETFs now, since I’m planning to buy units with the same amount?
There are many types of ILP available. Is yours for life insurance tied to an investment fund? Or solely for investment purposes?