S2E29: Will Providend Finally Include ILPs in Our Clients’ Portfolios?

Investment-Linked Policies (ILPs) have always been a heavily debated and controversial topic among investors. To make matters worse, there are multiple types of ILPs being sold, and all with varying features. At Providend, we had previously stated our stance against the use of ILPs in our clients’ portfolio. However, with the changes around the new Wealth ILPs, will this change our stance?

In this week’s Money Wisdom episode, Mike Zhang, our Insurance Specialist, gives an overview of the different types of ILPs and all its features, its pros and cons, and his views on whether Wealth ILPs would fit into Providend’s investment philosophy, or not.

You can also hear Chris’ view on ILPs in his interview with the BagHolder Pod team here.

Meanwhile, stay tuned for our next episode where Choon Siong, our Research Analyst, shares how the markets had performed for quarter three of 2023.

View the full list of podcast episodes published here.

Music courtesy of ItsWatR.

The host of this episode, Isaac Ong, is an Associate Adviser at Providend, the first fee-only wealth advisory firm in Southeast Asia and a leading wealth advisory firm in Asia. Learn more about Isaac here.

For more related resources, check out:
1. Are Investment-Linked Policies (ILP) And Unit Trusts A Good Way To Invest?
2. How Much Life Insurance Do You Need
3. A Comprehensive Guide to Buying Insurance for Your Child

*Providend is very excited to share that we are now ready to extend our service offerings to the younger accumulators who are looking for holistic, independent, conflict-free wealth advice!

For this group of younger accumulators, we know that it is not easy to make retirement planning a priority when other financial goals – buying a first home, for example, or saving for a child’s education – appear more pressing. Learn how we can help here.

Let us assist you in taking care of your financial concerns so you can focus on what matters to you. If you would like an honest opinion on your current financial/retirement plan, insurance portfolio, investment approach and/or estate plan, make an appointment with us today.

Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Not readable? Change text. captcha txt