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Does it make sense to have a universal variable life insurance policy inside an irrevocable insurance trust?

I thought advantage to irrevocable trust was to pass money tax free upon death. What advantage does the investment side of vul insurance provide?

Public Comments

1. You mean, besides a nice fat commission for the agent selling the policy? It allows you to potentially caputre some of the investment income gained in a market upswing.
2. Not really unless you're just hoping to grow the death benefit with potential gains. Otherwise cash value in a life insurance policy inside a trust is worthless. You're looking for death benefit. A commission has nothing to do with it. The guy selling a Mercedes makes more than the guy selling a KIA, but that doesn't make the KIA better.