August 19, 2005
Dr Money said:
AS Tan Kah Lin, 31, recently made her first investment. She bought a single premium investment linked policy (ILP). It is like unit trust but sold by an insurance company.
She and husband Bernard earn $6,000 per month and have $20,000 in cash and CPF money to invest. They have one child, Bernice, 1. I spoke with Kah Lin.
ILP's are tremendously popular, but how do you choose the right ones? Dr Money shows you how in this article and even lists down the ILP's with the best value for your money in a comparison table, something that insurers will never publicize.