Your thoughts on ILP?

[Ayaneko]

What are your thoughts if I were to take up an ILP such as AXA Pulsar/Optimus/Inspire Flexiprotector with the fund being Fortress A?

Assuming that the agent is knowledgable about the market outlook etc and will rebalance portfolio according to market conditions, hence I don't have to monitor my fund.

Would it be wise? Would I be able to at least have a returns of 8% after deducting all the charges?

 

[frenchbriefs]

Pulsar,optimus,inspire,fortress A.....wow!!!incredibly satki names!!

pray tell how they get 8 percent returns?they should be telling u that not us.

 

[oceanicmanta]

4 words ... stay far far away

go read up more on ILPs (both pros & cons, not from agent) before deciding.

good luck

 

[akwl88]

Yup pls tell us how to get 8% returns yearly?

Best sic the black and white in the plan too

Will consider selling backside to all in

 

[wahkao3]

is it low risk high return?
no low risk high return no tok!

 

[lusunshine]

I think the agent is more knowledgeable about how to suck your blood rather than market outlook

 

[Maeda_Toshiie]

What are your thoughts if I were to take up an ILP such as AXA Pulsar/Optimus/Inspire Flexiprotector with the fund being Fortress A?

Marketing.

Assuming that the agent is knowledgable about the market outlook etc and will rebalance portfolio according to market conditions, hence I don't have to monitor my fund.

You think agents are Warren Buffetts? If they are that great at portfolio balancing, do you think they would be selling insurance?

BTW, YOU the client is the one who is supposed to pick the mutual funds to invest in. You have to pay TWO layers of fees. The first is to the agent and the insurance company; the second is the management of the mutual fund. They get their cut regardless of performance...

This is on top of the fact that most mutual funds can't beat the market consistently...

Would it be wise? Would I be able to at least have a returns of 8% after deducting all the charges?

NO in 10 mile high letters.

 

[BBCWatcher]

Would I be able to at least have a returns of 8% after deducting all the charges?

Maybe you could if the inflation rate rises to 10% or more and stays there.

 

[windwaver]

What are your thoughts if I were to take up an ILP such as AXA Pulsar/Optimus/Inspire Flexiprotector with the fund being Fortress A?

Assuming that the agent is knowledgable about the market outlook etc and will rebalance portfolio according to market conditions, hence I don't have to monitor my fund.

Would it be wise? Would I be able to at least have a returns of 8% after deducting all the charges?

Did the agent tell you about having an 8% annual return from an ILP?

 

[Perisher]

Run away from ILP. There is like 90% bad ILP out there and a few average ones. Hardly worth your time researching.
You will find putting DCA $$ into ETF getting better returns than most if not all of them and still have $$ left to buy term insurance.

 

[lewissac]

Personal Experience on ILP. Stay away at all cost!
1) You'll get your money lock in for long period. Any early surrender = capital loss
2) Yield is similarly around 1-2% to 2-3% if good chance. Thats after deduction where ur agent/company earns them.

With that, it's better to put it inside SSB for similar yield with no lock-in period and capital loss should you surrender early.

Otherwise, you can take a lil of risk and invest on STI-ETF for slightly higher yield (2-4%).

 

[shareholder]

Suggest you get a lawyer to draft a agreement with the agent to guarantee the 8% pa. If target not met, can get debt collector to hound the agent.

 

[Alpha_Hippo]

Buy term insurance enough.

 

[henrylbh]

What are your thoughts if I were to take up an ILP such as AXA Pulsar/Optimus/Inspire Flexiprotector with the fund being Fortress A?

Assuming that the agent is knowledgable about the market outlook etc and will rebalance portfolio according to market conditions, hence I don't have to monitor my fund.

Would it be wise? Would I be able to at least have a returns of 8% after deducting all the charges?

Tell them if they are optimistic about 8% return, just guarantee me 4% and they can keep the rest. I will dump 6 figures. Both happy and win rite?

 

[Shiny Things]

What are your thoughts if I were to take up an ILP such as AXA Pulsar/Optimus/Inspire Flexiprotector with the fund being Fortress A?

No. Never buy ILPs. You can get the same exposure to stock and bond markets for a lot less fees elsewhere; and paying less fees means more money in your pocket.

Also let's look at that Fortress A fund - we already looked at it back in 2015. Short answer: it basically tracks the Straits Times Index. You might as well buy an STI index fund; you'll pay much lower fees (money in your pocket, remember) and your money's not locked up in an ILP.

Assuming that the agent is knowledgable about the market outlook etc and will rebalance portfolio according to market conditions, hence I don't have to monitor my fund.

Your agent is a 24-year-old kid in a badly-fitting suit. He doesn't have a clue about the market outlook. If he was any good at predicting where stock markets would go, he'd be at a hedge fund earning mid-six-figures, not selling insurance.

Would it be wise? Would I be able to at least have a returns of 8% after deducting all the charges?

Hahahahahahahahahaha no.

If you could guarantee 8% returns from this thing, even after fees, literally everyone in the world would want to invest in it.

 

[Shion]

You take 20 years to break even based on their projected 4% non-guaranteed returns

Don't you feel it absurd ?

 

[maruikun]

What are your thoughts if I were to take up an ILP such as AXA Pulsar/Optimus/Inspire Flexiprotector with the fund being Fortress A?

There are many people who took 15-20 years just to breakeven and those who are very very lucky can breakeven < 15 years. This is the cold hard truth and so there is no second thought needed to reject your agent on ILP.

 

[WindBoi]

What are your thoughts if I were to take up an ILP such as AXA Pulsar/Optimus/Inspire Flexiprotector with the fund being Fortress A?

Assuming that the agent is knowledgable about the market outlook etc and will rebalance portfolio according to market conditions, hence I don't have to monitor my fund.

Would it be wise? Would I be able to at least have a returns of 8% after deducting all the charges?

Put it this way. I write about finance stuff and out of 10 times, i am uncertain 9 times if my predictions or my knowledge is real knowledge. I spoke to analysts, people that give training and thought leaders. Nobody is sure if their outlook is going to be correct let alone use it for your wealth building. we are all trying our best to make the best of things with the fundamentally sound skillset we have.

Basing so much on market conditions is a hard way to make money.

As for ILP, I think there are better resources out there. Its been discussed in this forum, and google is filled with many articles talking about it. you will realize they all said the same thing.

There is just so much the good guys here can help you cover. You need to find out:

#1 mortality costs of ILP
#2 the extra costs that comes with unit trusts wrapped in a box called ILP
#3 fund performance versus their benchmark


the best way is to feed yourself. if you do not feed yourself, you will just blank out what these good guys here say and take it as yes and no... and somewhere down the line... you still get suckered into something similar to an ILP but it looks so safe.

 

[FP_IFA]

What are your thoughts if I were to take up an ILP such as AXA Pulsar/Optimus/Inspire Flexiprotector with the fund being Fortress A?

Assuming that the agent is knowledgable about the market outlook etc and will rebalance portfolio according to market conditions, hence I don't have to monitor my fund.

Would it be wise? Would I be able to at least have a returns of 8% after deducting all the charges?

The fund is on SG. The only reason the fund show 11% return is because it was incepted way back in 2003 when the SG's economy was picking up and booming. Do you think SG is going to perform 10% from here on? Look at the fund last 3 years record or even last 5 years.

 

[chainer22]

can i say that once one is 3-5years into the ILP, one is better off just following through the policy in order to ensure guaranteed profit (however minimal it is)?

the reason i am asking is cos my dad bought some ILP and i know that a huge chunk of what he is paying is towards financing his agent's brand new mercedes. i suggested that he terminate the policy to avoid further "losses" but his argument is that he has already paid so much for it and if he terminates it now, he loses all of that. is he making the right choice in this case?

sorry TS for hijacking this thread. just thought of asking here since its similar topic.