IIQE Paper 5 — ILAS structure, fund risk, charges, suitability and disclosure
Who this is for
- Candidates preparing for ILAS-related licensing papers
- HNW readers clarifying the insurance-vs-investment boundary of ILAS
Learning outcomes
- Sketch how ILAS policy values move with chosen funds
- State how common charge types push long-term net returns
- Use a suitability and disclosure checklist to spot overreach
Chapters
- ILAS product structure — How premiums become units; how life cover and account value coexist.
- Fund choice and investment risk — Risk ratings, diversification, volatility and how to read past performance.
- Charges, surrender and liquidity — Early surrender cost, ongoing fees and cash access limits.
- Suitability and disclosure — Risk tolerance, needs analysis, key information and client confirmation.
- Regulatory focus and common pitfalls — Cooling-off, improper sales talk, records and ongoing duties.