Kini nga topic sa insurance, term vs VUL, wa jud ni ka humanan. Daghan ko nabasahan na nga blogs, fb page nga wa jud kahumanan kung asa jud ang mas nindot. hehehe
As observed lang nako, it depends to the client na. If clients wants a hassle-free, he'll opt to VUL. Same with investments, if he don't want to be hassled by managing his portfolio, he'll go to mutual funds rather than investing directly in stocks.
But if he really wants to maximize his money, he should buy term then invest directly to stocks. Of course naa jud nay trade off. He should learn about stocks, how to manage it, when to buy and sell, analyze charts, etc, and monitor to renew his term insurance. In short he is trading his time versus convenience, effort versus effortless.