Variable Universal Life (VUL) is an insurance bundled with an investment.

Buy Term, Invest Difference (BTID)

Costs: BTID wins over VUL Convenience: VUL has a financial advisor and fund manager Service: VUL has an advisor Investment Diversity: BTID wins because you can control where you invest your money Investment Time Horizon: BTID wins. You can invest the money now. With VUL, you will pay for insurance first before investment Commitment: VUL, you are covered until old age. Term renews every year. Rider Options: Term insurances already have a lot of riders Insurability: VUL covers for life. BTID covers until 55 to 60 years old only.