Cash value life insurance, including whole life, universal life, and variable universal life (VUL), is a colossal fraud. It's just an excuse to charge insurance commissions on investment accounts. Insurance commissions are much higher than the SEC would ever allow for real investment accounts. And it isn't really an investment, because when you die the insurance pays off but you (or rather your heirs) lose what was supposedly an investment. The insurance company takes it all to help them pay the death benefit.
