What should I do about my Prudential ILP?
Hi.
I currently own a Prulink Enhanced Protector (ILP life Plan) since 2016.
Only started reading up more on ILP after articles online. Do I cancel on the ILP to reduce losses or what I should do?
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Chris Susanto
18 Jul 2020
Founder at Re-ThinkWealth.com
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Do not cancel your ILP policy. Stick with it or you might lose all of your supposed amount in it.
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Pang Zhe Liang
17 Jul 2020
Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)
Above all, you should not cancel your existing policy simply because you have read online articles t...
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Why did you sign up in the first place?
List down the pros and cons and your ability to continue to service it as well as the potential opportunity cost if you stick with it. Or give it up.
If you give it up, do you think how to utilize the cash intelligently?