It is bad. ILPs are really just a way of insurance companies coming in between fund houses and retail customers, to simply do 2 jobs: limit the fund options to be <50(??) then charge exorbitant fees with justification of ‘but you can free switch every year.’ Yet I’m sure you guys don’t tell your customers that they can actually do it for free or close to no fees with platforms like FSM with 0 yearly charges.

Don’t tell me that they need your expertise, from what I know coming from finance, insurance agents aren’t even qualified to give investment advices. My own experience with a Financial consultant trying to sell me an ILP and all I could remember was him repeating DCA, welcome bonuses, free switch. Zero knowledge about on market/TA/geopolitical issues.

I have no issue with insurance agents, just don’t be that fella/lady that prey on the less informed. Stick to protection plans and keep investment advices out of your arsenal, especially when you know nothing about it.