I got a call at work today from my first insurance agent. He thinks it’s a good time to do an annual review of Drizzt’s insurance and investment portfolio.

For those who are new to my blog, you might want to read my insurance philosophy, why I don’t like endowment plans.

Now let me just say that it is absolutely necessary to do this kind of review. Your life, goals, risks and dependents changes so you might need these policies.

My agent knew from past experience that I do my own investments and believe very much in using term life insurance to hedge my risk.

My agent, unlike many new agents (he is experienced with 13 years in the industry) doesn’t believe in ILPs. This is especially so after the great financial crisis in 2007. Many folks who have bought ILPs have seen deep drawdowns in the value put ...