VUL life insurance can align with a broader retirement strategy. While some advisors favor dedicated retirement accounts (e.g., 401(k)s, IRAs, or local equivalents), others see VUL as a supplemental avenue for tax-deferred growth. The advantage is that you can structure your coverage to last beyond the typical retirement age, providing a safety net for a surviving spouse or for medical expenses later in life.

Nonetheless, relying solely on VUL for retirement is rarely advisable due to the higher expenses and risk exposure. For many, an ideal scenario combines employer-sponsored retirement accounts (or self-directed accounts) with a well-managed VUL policy. This dual approach ensures that you have multiple financial pillars to draw upon, some more traditionally invested and some inside an insurance wrapper that offers potential legacy benefits.