All this is in direct connection with the Case-Shiller-House price index, at an all time high, just like in 1929 and 2008.

Assume that we would put any difference in funds saved between the Bank 1 and Bank 2 scenarios in, say, an S&P 500 index fund.Any thoughts would be greatly appreciated and please let me know if I need to clarify my question in any way!

I would argue that you have a much better opportunity for interest rate arbitrage with an Indexed Universal Life than you do with a Whole Life.

I think it's compared to it's base index quarterly after the 1st year.

It has allowed my savings index to go through the roof while still working a full time job.

I made 23.68% real profit off my investments in the stock market last year, and I'm fully invested in broad-based index funds.

well said, this is the exact reason when investing in a town you must know the affordability index.

ARMs can be good options if you get a good fully indexed rate.  

http://freedomsoft.com/landing/20130610/index-2.ph...  

I'm sure money can be made, but I figure why not keep pumping money into index funds and allocate a smaller chunk of my capital into lower cost RE markets?