A typical Singaporean’s experience with an Investment-Linked Policy (ILP) I was sold an investment-linked policy. Equipped with minimum knowledge on insurance upon graduation, I went on to seek advice from an agent and were recommended one single plan that takes care of all my needs. It allows me to invest and save with only $100 each month. To top it off, there is an insurance element to it!   “I was sold, until years later, I cancelled my policy at a loss.” * Disclaimer: Seedly has a neutral standpoint when it comes to every insurance policy. We are not against ILP and stand by our belief that there will always be a particular group of people benefiting from every type of policy. Is Investment-Linked Policy (ILP) really that bad? It will be UNFAIR to label any policy bad. The fact that a certain policy is approved by the Monetary Authority ......