Seems I am pretty backward when it comes to insurance products. I was recently introduced to a new ILP plan from Company X. Some hype about it includes: - 100% premium allocation (Most ILPs suffer allocation charge for first 3 years) - No Bid-Offer spread (Normally a 5% spread which is like a sales charge) - Wide range of fund available (Usually restricted to within company funds only) - Bonus units of 10% on 1st year and more every 5 years - Unlimited free fund switch - Guaranteed issuance - Death benefit of 105% - Available to private high networth clients only Does it sound too good to be true? A quick Google found similar products already available since 2008, from Company Z and Company F. How can the company pay for agent commission, give 100% allocation, no bid-offer spread, short tenure of 10 years and even give bonus units! ......