Point 1: Anyone know how are cash value gains above the cost basis taxed? Long term capital gains rate or ordinary income? Is that the “modified endowment contract” tax treatment? Any gouge on this situation?

Point 2: Even if they are taxed the same, over 10, 20 years, even a 1-2% difference in rate of return between GVUL and after tax brokerage could make a huge difference with compounding.