re: Indexed Universal Life policy. Who has done it?

I am tyring to answer and told you my answer. I will be self-insured by the time my term insurance runs out. The death benefit of a WL policy will not be needed in that situation to provide for my family/inheritance. When I compared my cost of buying term insurance plus investing my excess, I end up with a balance that is approcimately 40% greater than what the whole life benefit would be in the same stage of like.

The biggest risk I take in this is two-fold. ONe is that I have a drastic change in income that makes me not self-insured at my projected age. If that happens, I would likely also not be able to afford my whole life premiums (multiple thousand per month). The second is a stark inheritance law change. This could also go both ways where whole life becomes taxable on death benefit (unlikley but possible). For me, I would rather accept the market proven return of the S&P and pay low cost term policy to get to that point. If that happens, I retire at my desired age without financial concern, and will leave my kids/interests a significant windfall in life. If I die before then, my family gets a substantial portion of money to provide for their needs during their lifetime.

Since you have been the one asking the question, please tell me the flaw in this explanation.