ILPs
How To Save A Little Money From Your Insurance Premiums
Here’s a little money saving tip if you are looking to get your life insurance plans anytime soon (this tip is also applicable if you… Read More »How To Save A Little Money From Your Insurance Premiums
It’s Either You Understand ILPs Or You Don’t
Do you know what’s Investment-Linked Plans (ILPs)?
Whatever the case is, this plan can either help you to make your money work real hard and make you smile or totally dry up your money (suffer a loss) and leave you cursing (at the company or the Planner).
I am writing this post with great disheartening that there are many Planners who are still selling this plan to Clients who are:
- totally non-risk takers (risk averse)
- short term savers
- ignorant of the sale charges of the plan and the advisory fees (commission)
- thinking that this kind of plan is a pure Savings plan and the funds that they put in (monthly or lump sum) are 100% capital guaranteed which means that they will still get back their sum invested if no bonuses are given or the funds are not performing at all!

So Do You Know Really What You Are Investing?