EIULs-- Equity Indexed Universal Life Insurance

[Kyle K.]

I've heard some intriguing things about EIULs which are basically investment grade life insurance policies that can build up cash value for tax free use later in life.

Does anyone on here have an EIUL policy? If so, would you please explain your experiences with it?

If you have entertained the notion of getting an EIUL but concluded you'd be better without one, why did you come up with such a solution?

The thought of tax-free money from an EIUL combined with tax-sheltered real estate investment income sounds like a great recipe for a comfy retirement, but I'm not sold on the EIUL. Your take?