ILP Funds

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E

es0teric

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Hi, can any expertise advice me on this ILP funds? I was engaged by a Financial advisor and she told me ILP funds are more like a "scam" because after certain period, whatever you earned from it will bring it over to "somewhere" and you will be making losses.

I can't remember what is the "somewhere" and is ILP an insurance policy or just some investment thingy?
 
SpinFire

SpinFire

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It's an insurance policy. But for ILP, insurance charges will sky rocket after hitting 55 years old. The growth in values of the funds will not be able to keep up with the high charges, and you'll lose money in the end
 
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