I personally think that insurance linked investment plan is not good, at least it is not suitable for me.
Lack of flexibility, normally, you can't withdraw all of the money within the period, even you can, you have to pay a very high charge.
And it would be a very high charge, those plan would take part of your Net Asset Value per year, it may be named as service charge or management fee. There are no free lunch, so charge is reasonable, but can you imagine if 5% of your NAV taken out per year, if those amount remain in your portfolio to invest, how much is it at maturity??
The selling point of the are free of charge fo fund switching, insurance feature(101% of the NAV can be claimed if you dead, ...
I think that fund switching is not need to be frequent, so, this point is worthless for me.
And most important is, I will loss a chance to utilise my cash in the other area if necessary.
It's my own opinion, it may not applicable to you, if you think that you really need a service from a agent, and you're willing to pay a fee and opportunity cost to, but be reminded that to ask more, and compare more before you make a decision. Don't rush for it as it is a "commitment" to yourself at least 11 years.
ANd let's have a look on following blog, the blogger is not a investment specialist, but her point of view maybe useful for you
http://hk.myblog.yahoo.com/pollyho-2002/article?mid=41&fid=6&action=prev
http://hk.myblog.yahoo.com/pollyho-2002/article?mid=48&fid=6
