Investment-Linked Policies: To get one or not? What to do if you already have one Singapore News

However, managing these policies can be complex as your needs and the market change. As Warren Buffett famously advised, “Never invest in a business you cannot understand.” So, should you consider an ILP—and if you already have one, how should you manage it?

“When you go into an ILP, you need to know what you’re getting into, because there’s no guarantee in cash value,” Mr Cheong said. For investment ILP, Mr Cheong explained that it generally offers minimal protection—often as low as 1%. This means that in a death claim, the policy only guarantees your account’s cash value plus an additional 1%.you started with S$110,000, and then at the point of your demise, your account value is S$100,000. So your family will get S$101,000—just 1% more.

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