Investment-linked policies (ILP) are policies that contain both investment and protection components. It is a popular form of insurance sold; Life Insurance Association reports that around 20% of this quarter’s new policies are from ILPs alone. The flexibility is attractive and is certainly attractive for those who want their cake and eat it too.

However, based on the questions that come in through fundMyLife, it seems that our users often unwittingly purchased an ILP. It could be a miscommunication between the adviser and the user, but usually the realization happens a little too late. We here at fundMyLife are a curious bunch, and wonder why this is the case. We previously wrote about why people might have ended up with an ILP.

In this article, fundMyLife lists the different ILPs available in Singapore by company, and comments