[tc-sacto]

There are no taxes on the VUL beacause the money is taken out as a loan. You need to calculate the after-tax return net of fees for "buy term-invest the difference vs. VUL strategy. The VUL could be a good alternative if the numbers work out.

Also, if available to you, and depending on you tax bracket the new Roth 401k could be a boon for a young person. Use this first max out to the toon of $15,500 at the current allowable deferal rate.

So in preferred order
1) Roth 401k $15,500
2) Roth IRA $ 4,000
3) VUL if the numbers work out and you can save this much anually