you with a tax bill.

VUL's have high fees etc. Very poor investment vehicle. Have you considered a SEP?

Investment News article quotes on various lawsuits filed against carriers who still offer VUL's (many insurers have quit offering them):

"Lawsuits filed against insurers in recent years for their practices around universal life insurance policies highlight the risks these products can pose to unwary financial advisers and clients."

"Consumer Federation of America sent a letter to all state insurance commissioners in 2016, saying that many UL policies “are failing or will soon begin to fail absent much higher interest rates.”

The cost increases relevant to the recent class-action lawsuits extended into the double and triple digits on a percentage basis.

“It’s in bad faith,” Joseph Gentile, partner at Sarraf Gentile who represents plaintiffs in the Lincoln National case, said of the increases. “It’s not really tied to mortality, it’s tied to the change in the interest rate environment. The actuaries priced things wrong way back when.”