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Are Variable Life a good investment vehicle?

My financial advisers sold me a Universal Variable Life Insurance investment vehicle, but I feel that it's in the negative all the time. I am looking for some advice...

Public Comments

1. Universal Variable Life Insurance Policy's are not as bad as variable annuities. But they're pretty close. High fees (most of which are hidden) & doubtful tax benefits are the two main reasons not to get them. Although the market has not done well until this past 6 weeks....... most "investments" offered by banks and insurance companies are expensive and mediocre. Your best bet is too keep your insurance and investments separate. A "life certain" term policy (20-30 years), for many reasons is the best insurance for most people. Unless you've got major "estate" considerations, any whole life policy is a huge waste of money.. The good news. You bought one of the best commision products sold by life insurance sales reps. Their commision (as well as their boss's & the company) is well above almost any other product sold by "investment advisors". You've help make them richer.
2. you should of bought term life and invested the rest. you could do a better job investing than the insurance company. also you should have a 401k or ira established