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

Yea, if you are of the 1% that has money laying around it’s not a bad thing to do. At the end of the day it’s life insurance. If you try to justify it as an investment there’s plenty of actual “investments” out there that are better. It does have tax benefits but really only needs to be done for super high earners. Another good thing to look into would be attaching a long term care rider on too it.