I agree that ILP is misleading the policyholder. Just look at their sales kit and you will see the lies.
Usually when selling an investment link policy, the agents will show you a table from Year 1 until Year x (max maybe until Year 100). It will show premiums paid, sum insured, investment value or whatever.
Now... scan from Year 1 until Year 100. Look at the investment value. IT KEEPS INCREASING EVERY YEAR!!!! This is definitely a lie. We can't have economic boom every year for 100 years! There will be economic slowdown. IN THE LAST 12 YEARS, WE'VE ALREADY HAD 3 SLOWDOWNS (1997, 2001, 2008).
So please, if you're a good agent, then convince your agency to develop a 100 year table with between 10 to 20 years of economic slowdowns. Then show us the dips and rise in the investment value over the 100 years!

This post has been edited by simplesmile: May 10 2009, 08:21 AM