cases.
I realize there are many who disagree and thats fine. It can be a part of a solid financial plan. A PART. Not all your eggs in one basket.
I highly recommend a book called The Power of Zero by David McKnight, a BYU grad. He also has a book called Look Before You LIRP ILIfe Insurance Retirement Plan).
If you believe your taxes will be higher in retirement than they are now, you need to put assets into Roth IRA/401k or Roth-like investment vehicles that can provide tax free income down the road and won't count towards your provisional income taxes, cause the majority of your social security benefits to be federally taxed and state taxed in states like Utah. It doesn't hurt when that Indexed UL policy has some living benefit riders that might help with long term care needs.
"It won't make as much as the stock market or real estate" Nope. It isn't meant to. It can potentially be a part of the plan for some people.
Again, not for everyone, but I can't stand when people say one strategy is always good or always bad.