I've previously written on why I cancelled my investment-linked policy (ILP), and provided another reason based on the way allocations are seemingly done in ILPs.


Since then, I've only been getting much flak (mostly from insurance agents) about my stance on ILPs, and I've been pressured to write a post showing the flip side of it, since there are no bad products, but only bad advice, correct?

So here's the other side, but before you read the details, you ought to first know a few things:
My stance on ILPs still hasn't changed, and I'm still not keen on ILPs and won't get one for myself. However, over the past few years, I've come to realise that there are some (a very, very small group of) people who might be suitable for them. I'm not a financial advisor so this should not be taken as financial advice. If you have...