GUL is a scam too? Come on, man. You must be trolling.I’m ignorant about many things but I’ve been in the insurance biz for 30 years as well as a CPA for over 40; one thing I know as well as anybody in the insurance biz is the numbers; they don’t work for the consumer but works great for companies and agents who don’t have enough sense to do the analysis; they are scams and the next wave of huge lawsuits will prove it; keep selling it and keep your E&O current; also, thanks for creating inventory for agents who do understand it.
What does being a CPA have to do with anything? You're claiming that you know "numbers" ...sure. You're so far off base with your generalizations and claims that I find that hard to believe.
Actually read an IUL (or GUL or VUL) illustration that is correctly structured and you'll change your tune (if you truly understand "numbers")
If you hate UL so much, please tell us what type of insurance you primarily market/sell.