This is the personal website of James Lim, an established financial consultant who is serving hundreds of happy clients. Through this site, he hopes to keep his clients and new prospects updated on latest developments that will impact their financial plans. This site will also give potential clients a good idea of who James is and how he can help them achieve their financial objectives.


James Lim started out working in the government, before going on to found and run a highly successful IT company for about 10 years. He moved into the finance industry in 2016 and has since become a member of the prestigious Million-Dollar Round Table. He builds his business on the foundation of integrity and trust, which is why most of his clients have placed their investments and financial plans with him.

The only 2 reasons why you should ever consider an Investment-Linked Life Insurance Policy

Home/Investment, Life Insurance/The only 2 reasons why you should ever consider an Investment-Linked Life Insurance Policy

With the word investment become more and more a required part of our lives, some may be tempted to consider purchasing an Investment-Linked Life Insurance Policy (ILP), just because they carry some ‘investment’ in it. An any form of investment means higher returns isn’t it?


This is only my personal point of view and you should definitely come to your own conclusions after hearing the various arguments. But for me, you must fulfill these 2 conditions (AND condition, not OR!) before you should even think about purchasing an ILP.

1. You want higher returns from your money and are willing to stomach more risk to get it.
Ok, who doesn’t want higher returns for the money that they are forking out? That’s a redundant question. But the main issue is, whether are you willing to stomach more risk to get it? Can you live with the potential that you could get back even less than what you put in? As the saying goes, higher risk, higher rewards. Lower risk, lower rewards.

2. You are too lazy to research and find your own fund to invest in.
Wait! Investing your own money takes more than just finding the right fund! You need to track, monitor, adjust your portfolio, etc! Yes, that is true, if you are really serious about investments and have the time to do it. But whether you choose a fund to invest in on your own or the investment objectives of your ILP, you are basically making a one-time investment decision.

In both ways, you are trusting the respective fund managers to make the necessary adjustments in order to fetch the best outcomes. But if you choose your own fund to invest on your own, you have the freedom to cash out whenever you want. But with an ILP, cashing out will mean cancelling both the investment and the life protection element, which is not necessarily what you want. So if you can find the time to think about what investment objective to subscribe to in an ILP, then take the time to find your own funds to invest in on your own.

Therefore, only consider ILP if you fulfill both these conditions.



By | 2017-06-14T13:10:24+00:00 November 5th, 2015|Investment, Life Insurance|0 Comments

About the Author: