Insurance
ILPs are not all Horrible: Here’s why
By Dollar Bureau  •  January 22, 2025
Thinking about an investment-linked policy (ILP) but unsure if it’s the right fit? You’re not alone – ILPs sound great on paper, but they can come with a lot of headaches you might not expect. In this post, you’ll learn:
  • How traditional ILPs actually work
  • The actual costs of ILPs and why they’re often not recommended
  • Better alternatives that let you keep your coverage while growing your wealth
If you’re serious about finding an insurance plan that works for you (and not against you), keep reading. There’s a better way to protect yourself and grow your wealth – let’s dive in! What is an investment-linked policy (ILP)? An investment-linked policy (ILP) is a 2-in-1 product that combines life insurance coverage with investment opportunities. It’s a type of life insurance policy, but unlike traditional policies, it offers you a chance to grow your wealth by investing in selected funds while still providing insurance protection.  ...
Read the full article
By Dollar Bureau
Launched in 2019, the Dollar Bureau blog aims to play a part in improving the financial literacy of Singaporeans.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published. Required fields are marked *

*

Your Email Address will not be published
*

Read More Articles
More from thefinance