As a wrap-up for my previous posts, where I have discussed about Term Insurance, WholeLife Insurance and Investment-Linked Insurance policies, this entry is summarizes the key features when you are deciding on which type of policies to choose from. But if you realise, we are actually comparing Apple vs Orange vs Banana, hence, which isContinue reading “An Overview of Term vs Whole Life vs ILP”
Tag Archives: WholeLife
An Autopsy of Investment-Linked Policy (ILP)
Why are Investment-Linked Policies, a.k.a. ILPs, such a taboo word in the insurance industry? Is it really a time-bomb waiting to explode, as described by some? On the other hand, advocates for this range of products will say otherwise. The purpose of this article is to present all facts objectively to allow consumers to beContinue reading “An Autopsy of Investment-Linked Policy (ILP)”
Is Wholelife Insurance For Me?
I have previously discussed about Term Insurance and made a comparison between a normal Term Insurance vs Aviva SAF Group Term Life Insurance, it’s benefits and suitability. Another big category of Life Insurance products is WholeLife (WL) insurance. WL insurance falls under the umbrella of Participating (Par) products. Where Non-Par products like Term Insurance doesContinue reading “Is Wholelife Insurance For Me?”
What Is Insurance?
The transfer of risk is the basis of all insurance. What risks? The risk of significant potential loss or financial consequences in exchange of a premium. Who takes on the risk? Hence insurance companies act as the intermediaries to pool premiums together to insure against a specific loss. For instance, businesses can insure their premisesContinue reading “What Is Insurance?”
Wee Khai 