Assurance Vie Pros & Cons

Hi all.

The kind lady at our bank called us last week to invite us in for a meeting with her to discuss open g an Assurance Vie.

I have read up a bit on this but would like to open the discussion to the forum as to what the pros and cons are please.

I can see that there is an enhanced rate of interest and there are some inheritance benefits though I don’t fully understand everything.

On the flipside, there is a 3% fee for funds introduced which more than wipes out the first year’s interest…

I am keen to know your thoughts / experiences.