Can anyone give me some insight on using an universal variable life insurance plan as a secondary(after 401K) retirement investment vehicle? From what I can tell, it looks basically like a Roth IRA except it has the added benefit of life insurance along with it, there is no yearly maximum, and there are no penalties when withdrawing what I have put it. I even get to choose from a list which mutual funds my money will be invested in. I am a beginner with this type of thing and I am open for any and all opinions on if this is a good thing to do. If not, please inform me of what would be the best way to invest now for retirement. I am only 23 years old, so I have a long way to go. I was thinking about Roth IRAs and mutual funds until now, but I don't know which funds would be the best to go with. Thanks for the help.