IUL explained in a minute?!🤔IUL is a INDEX UNIVERSAL LIFE. A life insurance policy first before the cash benefits within the policy. Meaning you MUST GET QUALIFIED AND APPROVED first✅But outside of the life insurance coverage, you have CASH VALUE in the policy which is your EQUITY. This EQUITY is a CASH BUILD UP with COMPOUND INTEREST throughout time. The money in your cash value can be LOANED AGAINST TAX FREE and can be USED FOR ANY REASON. And yes, you can pay yourself back that gives you the