Regarding my previous post going in depth on why I changed from ILP to term, I think there are many people who have questions and so to make it clear, here are the main reasons again: 1) My coverage increased from 250k to 1 million 2) Yet my premiums decreased half from $266 to  $139 3) Furthermore, the $266 for ILP will only increase with age while the $153 for term policy is fixed for the 25 years. Why ILP and life insurance are so popular Invest a sum for every month and when you retire, you get a lump sum for enjoyment or for your children's education. Invest so that your money can grow and not rot in the bank. Invest for your children's future. Sounds familiar? This is preying on your insecurities where you think you might not have enough savings in the future and you are tucking away a hidden sum. This is preying on your greed where you think you are investing and ...