Hi anon, We'll have to understand a little more about your situation before you finally make the call. I don't advise mixing insurance with investments. Why did you get the ILP in the first place? Every insurance policy is a committment and you'll want to make sure that the plan is suitable for you in the long run . I suppose you have concerns about the escalating mortality charges in your golden years, and yes, this is something that can cause the plan to terminate due to insufficient value. There's no guarantee whether you'll have coverage with an ILP in your later years, contrast this with term or whole life whereby cover is guaranteed for the appropriate duration. Firstly, if you are planning to get only a CI plan, then definitely there are options besides ILP. One common alternative is a whole life limited pay plan which will allow you to pay premiums only during working years, and provide you with CI cover for life. There are also other options such as multipay plans and a term plan with a CI rider; in order to understand which plan suits you, you need to understand how these plans work. You'll want to sit with an independent financial advisor in order to understand all options available to you before deciding between term or whole life. Next, are you insurable? Today is always the healthiest day of your life, every day we grow a little old and less healthy. If one wants to get a plan to cover CI, regardless of what kind of plan, it is always better to get it when you are healthy with no issues. Then, what amount of coverage do you need? You'll want to work it out, there are some rules of thumb with respect to the amount of cover, people look at 5 x annual income, some look at 5 x annual expenses plus an amount to cover out of pocket, etc. As always; your individual situation must be taken into account, and I'd advise you to speak to an independent financial advisor before proceeding with any next steps. If you have further questions, you can reply to this post.