I am not very smart about this stuff (and don’t want to be), but I converted a small amount of a term policy to a VUL at the suggestion of my financial advisor. I am sure he is getting commissions, but it was explained to me that I need more tax free income in retirement. So basically what Myfingershurt said.
At any rate, I did that. As I understand it, one takes out a loan against the cash value and basically never pays it back, or pays it back slowly near the end of one’s life. I could be way off base here. I trust my advisor and prefer to think about my family and goofing off more than I do high level financial planning. This GVUL is something I will mention to him at our upcoming review, though.

By the way, I agree about Dave Ramsey. But at least he means well. Robert Kiyosaki has hoodwinked several people I know and has been less-than-positive influence. I do understand that much about finances!