The GVUL we have at United is pretty sweet.

The cost of insurance is definitely more due to it being annual renewable term. It’s priced based on your age and how much coverage you selected. As I get older I reduce the amount of insurance to keep costs in line.


I use the investment portion of the product. Several funds to choose from. I’m in the total stock market index. Relatively low ER. Every dollar you invest goes into the investment portion - no load.

Any money you withdrawal below your cost basis is tax free. Cost of insurance counts towards your basis, as well as your investments you make.

Example: I have $30,000 cash value. But because I’ve had to policy for awhile, and contributed to it, my cost basis is $40,000 (contributions plus insurance costs). I can withdrawal my whole $30,000 tax free, even if it’s up 100%.

I manage my account and always withdrawal once my costs basis and cash value get close - then do it all over again.

Whole life/variable life is a great product - it’s the main street costs that make it terrible. We don’t have those prohibitive fees for our UAL program and I’m sure you won’t either.