Read? Insurance 'time-bomb' set to explode
One blogger said: "If you do not know what you are doing with an ILP, I guess it is a time-bomb."
Well said. But, if you really know how Single Premium ILP works?
Do you still want to purchase Single Premium ILP from an insurance company?
Read? Shocking Discovery On My ILP
Are you really smart to let insurance company keeps selling away more units in your investment part of the Single Premium ILP to keep up with the monthly premium during the bear markets while you still have enough idle cash sitting in the bank?
DIY Your ILP If You like It So Much
You can easily DIY your ILP using decreasing Term Insurance and portfolio of unit trusts and you don't really need the insurance company to do it for you.
When you DIY, you will then have the option of using cash to pay for the monthly premium when the unit price is falling too sharply during the bear markets. In this way, you can maintain more units in your portfolio for recovery in the next bull.
Investment Idea: City Developments Limited - We would just like to thank everyone who participated in last night’s InvestingNook LIVE Webinar. Many who were unable to attend requested for a replay of ...
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