Indexed Universal Life (IUL) is what you want. Locks in your gains because of the indexed strategy (you don’t lose your money/no risk), while Variable Universal Life (VUL) is in the market and much more risk is involved. IUL mirrors the S&P 500 Index. It has a floor of 1% and a cap of 13%. If the stock market crashes completely, you still don’t lose money, but your money doesn’t grow (which I’ll take any day of my life–Warren Buffet said…he has two rules: Rule #1 Don’t lose money Rule #2 Don’t forget rule #1). Plus, ALL of your gains are tax-free because of the death benefit. Because of that death benefit, your money is protected. You want lot of insurance because your cash value can exceed the death benefit…this let’s your money grow and you can dump money in as well. Cost of insurance may be higher, but the tax-free growth, rate of return, no risk of loss, death benefit are still better than other options. Yes, including 401k.