facebookHi. AIA’s Pro Achiever Plan 2.0, is it a good plan to grow my wealth? Are there any other better guaranteed alternatives for investments? Is this my current investment-link plan good? - Seedly

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Anonymous

03 Jun 2023

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General Investing

Hi. AIA’s Pro Achiever Plan 2.0, is it a good plan to grow my wealth? Are there any other better guaranteed alternatives for investments? Is this my current investment-link plan good?

Please help! I’ve been paying for this plan for a year already and wondering if I should just stop now (and burn my money) or if I should continue.

Discussion (6)

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Cut your losses and move forward.

Okay, my personal experience with AXA/HSBC LIFE pulsar and Tokio Marine Gotreasure ILP is that you don't even start on ILP. Over the 8 years, those ILPs are not doing better than my S&P 500, and the ILPs charge high expense ratio and poor FX rate and other miscellaneous fees. The only advantage of my ILPs is that I can make nomination to sell them all off in the event of my passing and pass the cash to my love ones without charges, aka no estate tax.

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Since you are only one year into ILP, you can consider the pros and cons of ILP and see if you still want it. (Not financial advice, but if I could go back in time, I would NOT buy ILP)

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I will like to emphasise that there is no such thing as guaranteed investment returns in most forms of investment and definitely no ILP can give you guranteed returns.

  • Grow wealth, definitely not. Lot of fees i.e. The agent commision and the fund manager salary.
  • M...

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