ILP & Wholelife insurance, buy or not ?
Someone recently said that ILP n Endowments are no longer attractive. I agree with him. But I am not so sure of indexed UL ILP which tracks the S&P500. If hold till death, its bequest payout is good. I would say that it depends how savvy one uses the investment: 1. Disciplined form of forced savings which we otherwise may not be able to accumulate diligently. 2. Just another passive income tap, better than FD. 3. RESALE W/LIFE plans > For me, I bought resale wholelife plans from young Assured person; solely from INCOME, to save as Cash "Critical Insurance" payout if needed when I surrender. >These W/Life plans already cost breakeven based on their current actual Surrender Value (SV). Their SV arestill tracking their projected SV Table based on the updated BI when I bought over the policies. >If I buy CI, its premiums are sinking fund, but I can still cash-out my premiums which adds to the SV. (not that I have choice, at my age, CI riders have expired or its