What is an Investment-linked insurance policy?

Why shouldn’t someone buy an ILP

Percentage of premium into paying the mortality charge instead of investments

Approaching insurance and investment without ILPs

BT Money Hacks Ep 86: Reasons to avoid ILPs or investment-linked insurance policies

10:53 min

Synopsis: Updated fortnightly on Mondays, The Business Times breaks down useful financial tips.

In this week's episode we look at why you might want to avoid an investment-linked insurance policy, or ILP for short.   

BT's digital editor Chris Lim hosts Christopher Tan, chief executive of Providend - a financial advisory firm -  as they discuss the following:
What is an ILP? Understand mortality charges too (0:36)
Where does an ILP fit in a person's portfolio, and why shouldn’t someone buy an ILP? (1:34)
As you get older, especially from the age of 50, more of your premium goes into paying the mortality charge instead of investments (4:42)
If ILPs aren’t the answer for many financial goals, what is a step-by-step approach towards both insurance and investment (7:35)

Produced by: Chris Lim and Ernest Luis

Edited by: Adam Azlee

Subscribe to BT Money Hacks Podcast series for our new episodes fortnightly on Mondays and rate us on your favourite audio apps:

Channel: http://bt.sg/btmoneyhacks

Apple Podcasts: http://bt.sg/oeXe

Spotify: http://bt.sg/oeGN

Google podcasts: http://bt.sg/oeGP

Website: http://bt.sg/moneyhacks

Feedback to: podcast@sph.com.sg

Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser.

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Discover more BT podcast series:

BT Mark To Market Podcast on: http://bt.sg/btmark2mkt

WealthBT Podcast on: http://bt.sg/btwealthbt

BT Podcasts on: http://bt.sg/podcasts

Follow our shows then, if you like short, practical podcasts!

BT Money Hacks Ep 86: Reasons to avoid ILPs or investment-linked insurance policies
10:53 min
Synopsis: Updated fortnightly on Mondays, The Business Times breaks down useful financial tips.
In this week's episode we look at why you might want to avoid an investment-linked insurance policy, or ILP for short.&nbsp; &nbsp;
BT's digital editor Chris Lim hosts Christopher Tan, chief executive of Providend - a financial advisory firm -&nbsp; as they discuss the following:
<ol>
<li>What is an ILP? Understand mortality charges too (0:36)</li>
<li>Where does an ILP fit in a person's portfolio, and why shouldn&rsquo;t someone buy an ILP? (1:34)</li>
<li>As you get older, especially from the age of 50, more of your premium goes into paying the mortality charge instead of investments (4:42)</li>
<li>If ILPs aren&rsquo;t the answer for many financial goals, what is a step-by-step approach towards both insurance and investment (7:35)</li>
</ol>
Produced by: Chris Lim and Ernest Luis
Edited by: Adam Azlee
Subscribe to BT Money Hacks Podcast series for our new episodes fortnightly on Mondays and rate us on your favourite audio apps:
Channel:&nbsp;<a dir="ltr" href="https://omny.fm/shows/money-hacks-1" data-display="http://bt.sg/btmoneyhacks" data-sanitized="https://www.google.com/url?q=http://bt.sg/btmoneyhacks&amp;sa=D&amp;source=hangouts&amp;ust=1592908509673000&amp;usg=AFQjCNGF1AFQT2ih68H-oAHIZAan_eDP4w">http://bt.sg/btmoneyhacks</a>
Apple Podcasts:&nbsp;<a href="https://bt.sg/oeXe" data-saferedirecturl="https://www.google.com/url?q=https://bt.sg/oeXe&amp;source=gmail&amp;ust=1584171740596000&amp;usg=AFQjCNFy1-8Bu6nn0MdNsOURSaZ5drQuKQ">http://bt.sg/oeXe</a>
Spotify:&nbsp;<a href="https://bt.sg/oeGN" data-saferedirecturl="https://www.google.com/url?q=https://bt.sg/oeGN&amp;source=gmail&amp;ust=1584171740596000&amp;usg=AFQjCNE03zuAjX6Yri9eJjh6poxgkpOV9Q">http://bt.sg/oeGN</a>
Google podcasts: <a href="http://bt.sg/oeGP">http://bt.sg/oeGP</a>
Website:&nbsp;<a href="https://bt.sg/moneyhacks" data-saferedirecturl="https://www.google.com/url?q=https://bt.sg/moneyhacks&amp;source=gmail&amp;ust=1584171740596000&amp;usg=AFQjCNE9jlvKSke6ivbqi-YiGUen3kfCuA">http://bt.sg/moneyhacks</a>
Feedback to:&nbsp;<a href="mailto:podcast@sph.com.sg">podcast@sph.com.sg</a>
Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser.
---
Discover more BT podcast series:
BT Mark To Market Podcast on:&nbsp;<a href="http://bt.sg/btmark2mkt" data-saferedirecturl="https://www.google.com/url?q=http://bt.sg/btmark2mkt&amp;source=gmail&amp;ust=1621580726541000&amp;usg=AFQjCNFwN2lIVswwcQzU9eHb-Ibx47RktA">http://bt.sg/btmark2mkt</a>
WealthBT Podcast on: <a href="http://bt.sg/btwealthbt">http://bt.sg/btwealthbt</a>
BT Podcasts on:&nbsp;<a href="http://bt.sg/podcasts" data-saferedirecturl="https://www.google.com/url?q=http://bt.sg/podcasts&amp;source=gmail&amp;ust=1621586278355000&amp;usg=AFQjCNFlElxxRquebsDQVCEgxs9ndnigtw">http://bt.sg/podcasts</a>
Follow our shows then, if you like short, practical podcasts!

Synopsis: Every first and third Monday of the month, The Business Times breaks down useful personal financial tips with expert guests.

Podcaster: Howie Lim

Produced by The Business Times, SPH Media Trust.

Synopsis: Every first and third Monday of the month, The Business Times breaks down useful personal financial tips with expert guests.
Podcaster: Howie Lim
Produced by The Business Times, SPH Media Trust.

BT Money Hacks

Every first and third Monday of the month, The Business Times breaks down useful personal financial tips with expert guests.

Podcaster: Howie Lim

Produced by BT Podcasts, The Business Times, SPH Media.

Every first and third Monday of the month, The Business Times breaks down useful personal financial tips with expert guests.
Podcaster: Howie Lim
Produced by BT Podcasts, The Business Times, SPH Media.

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