Originally Posted by jurbik

Here's an insurance guy's take... I am a pilot and have been a licensed life agent for many years...
The fee loads, and myriad of charges on this are a non-starter for me... However, if all you're interested in addressing better tax treatment, you can elect the GVUL with the 50K group term and save a few bucks in imputed income. You are not required to fund this. With this agreement, the airline funds this. For me this saves roughly $3500 in taxes. YMMV... The "tax free growth" (and available loan feature I see as substandard. Why? Because it's not permanent life insurance in the real sense of the term. In my book, permanent life insurance remains in force for life as long as the premiums are paid. With WHOLE LIFE, the insurance company carries ALL the risk. Derivative products like this, transfer it to YOU. Why? WL insurance comes with 3 guarantees: Premium, cash value, and death benefit. A GVUL is a blended solution. On one side, you have a built in annual renewable term where mortality costs go up EVERY year. So... it continues to cost more every year. The offset is an side account(s) that is funded and (hopefully) performs better than the cost of the increasing term insurance it is paying for (or at a minimum moves at parity). In a boom market, the illustration looks awesome. In a down market ... not so much. I can't tell you how many 1035 exchanges I've done out of UL/IUL/VUL contracts to permanent insurance. When the investment side underperforms (while your still loaded up with fees to boot!), something has to give. Mr/Ms policy holder what would you like to do? Reduce your cash value? Reduce your death benefit? Or... increase your premium? There is no free lunch. All this said...To use the correct, permanent life insurance contract, properly built for many of the stated tax advantages is a phenomenal approach. If you're interested, look into Infinite Banking. There are certified IBC practitioners out there. I'd recommend finding one. Infinitebanking.org (Yes, I'm one, but am in no way soliciting. Call another practitioner). This works...