“Why did you get that VUL? They are inefficient! Just buy Term Insurance and invest the difference!“. This was me years ago after I found out that a friend just purchased a Variable Universal Life Insurance from a big insurance company. I then went on a tirade about the insurance fees, agent commission, and managed fund expenses. I continued on about why it is a bad idea to mix insurance and investments.
Was I trying to help? My intentions were good: I wanted my friend to have the best insurance and investment set up. Paying unnecessary fees is a big no-no from my perspective.