It may make sense.

It’s still insurance and an “expensive” investment compared to a standard fund. But the tax sheltered returns will most likely out perform traditional life insurance which is interest rate and insurance co safe investment portfolio based returns.

If you need long term insurance and or asset protection, then it may make sense. I would max out all other retirement avenues first, then talk to your tax person about the benefit of a VUL policy.

For me, it doesn’t make sense until I have a considerable amount of assets or until I am forced to convert my convertible term life because if an insurability issue, which I don’t have yet.

Defiantly buy a lot of convertible cheap term and work on your tax-sheltered investments first. If you don’t have assets to protect from death taxes or an insurability issue, then focus on saving and gain net worth first.