Read? If You Still Don't Believe ILP is a Time Bomb? One more experience shared invest, thesundyatime May 13, 2012. Pg 40 Risks of ILPs Mr Bradnon Lam, senior vice-president and head of consumer investment and insurance products at DBS Bank, explained that as ILPs feed into funds, depending on the structure, some may not provide guaranteed cash values. Oftentimes, the final cash value will depend on the value of the fund that ILPs feed into. Mr Lam also cautioned that investors have to bear the entire investment risk of the funds they buy into, unlike traditional insurance such as whole life and endowment, in which the insurer bears the investment risk for guaranteed benefits portion. The value of non-guaranteed benefits will depend on the performance of the insurer's participating fund. Insurance coverage rises with age. As regular premiums ILPs usually pay the insurance coverage charges by selling fund units, ......