As a working adult fresh out of university, I was at times overwhelmed by the plethora of insurance policies out there.
Insurance is a complicated topic to broach, especially when you are a complete beginner at it.
Some of the more commonly talked about policies include Life Insurance, as well as Investment-Linked policies (ILPs).
To help you distinguish between the different policies, here’s a beginner’s guide to Whole Life Insurance plan and Investment-Linked Policies (ILPs)!
TL;DR: A Beginner’s Guide To Participating Whole Life Insurance VS Investment Linked Policies (ILPs) Participating Whole Life Insurance Investment Linked Policies Similarities - Both provides insurance coverage in the event of death or TPD.- Covers you for your whole life.
- Accumulates cash value Differences Premium Breakdown Premiums paid are for the cost of insurance. Premiums paid are first used to buy investment units, which...
