Podcast was very well done.
Highlights: investment fee was 2.25%. (Saw 2.25 and 2.5% in previous posts.) That fee was for all deposits into the “investment” side of the policy. Withdrawals also have a 2% or $25 fee, whichever less. Deposits go in after-tax basis. All investment side withdrawals below your cost basis are tax free.

For me, running side-by-side comparisons with identical ROIs, it looked like terms under 12 years, GVUL investing made sense. Beyond 18 years after-tax brokerage wins due to that 2.25% fee hammering your principal. Between 12-18 years, your individual tax rate situation could make a difference and it gets more nuanced. YMMV, DYODD, etc. If anyone has access to a monte-Carlo probability simulator, you might get some better results with some confidence intervals.