Insurance
Should I terminate an expensive ILP bought from a friend?
By A Singaporean Stockmarket Investor (ASSI)  •  January 27, 2015
I received an email from a reader on an ILP she bought and I am going to share an edited version here. Please remember that life insurance is essential but the cost of insurance should be kept low. Hi AK, I have recently started to read your blog and I really appreciate how you post unbiased financial advice for your readers. As such, I am really hoping you can help me with this dilemma that I have. I have graduated last year and bought an ILP from my friend. I am investing $xxx every month into this plan for about x months now. This is a 30 year plan, and recently I'm having second thoughts about whether to continue this plan or not. ... I was wondering if I should discontinue the plan (because the costs are exorbitant) and invest the money myself in the OCBC BCIP, or should I ......
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By A Singaporean Stockmarket Investor (ASSI)
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