What are the options available when considering investment-linked insurance, and which one should I consider? I am a 20 year old who is just starting to learn more about insurance?

I strongly urge you to reconsider getting an ilp, the fees are insanely high and you're better off with other investment vehicles at a much lower fee.

fees eat into your returns, and just do a quick google to find out and read the many articles on why you should not get an ilp

Investment-linked Insurance Policy (ILP) is an insurance policy that combines life insurance coverage with an investment component. When you buy an ILP, your premium will be used for two purposes - purchasing life insurance overage and paying for units in one or more ILP sub-funds.

As your returns are based on the performance of the sub-fund(s), it is important to choose your financial advisor to understand more about your portfolio of sub-funds. Ideally, your portfolio should be well-diversified with good long term performance projection. There should also be an acceptable risk level.

You can arrange a free financial portfolio review with us to help us provide a recommendation that is best suited to your needs.

To find out more about the pros and cons of ILP, do check out our guide for ILP.