Did you know you could reduce whole life commissions by 85%? Neither did I until I read Chuck Hinners' Insider Trading in the Life Insurance Market. Get yourself a fee-only insurance advisor before buying permanent life insurance!
Variable universal life insurance policies (VUL) are complex financial instruments. The very wealthy may get substantial tax benefits from using one, but most doctors probably won't. Since it requires a life-long commitment, think very carefully before buying one.
An explanation of a MEC, and 7 warnings about why you probably don't want one and how to avoid getting one unexpectedly.