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 annual premium is expensive to insure).

My Takeaway:
1. Know what you buy for, dont look back n regret.

2. Just cut-off the frill rider premium cost which does not add to payout.

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