IUL Explained: How to Borrow From Yourself! #byob #vanntastic #moneymanagement #velocitybanking

Added: 2026-05-20

[00:00:00]You don't know what an IUL is, that's an index universal. And so, when I learned about 15 years ago now, I guess 16, I actually took loans for myself to fund the conference.

[00:00:16]So, now I'm paying myself back. And Chris, you just taught me this what?

[00:00:23]I was like, Chris, why why would I pay it back?

[00:00:27]Why would I pay that off? And then he told me he he literally looked at me like I was stupid and he said, "Cuz you're paying yourself back and you can turn around and use it again. You're just refunding your own money and as you refund it, I get these statements every month."

[00:00:44]And the insurance company will send me a statement and it said, you know, since I paid back this amount of money, this much of my interest caused was refunded back to my cash value.

[00:00:58]And I was like, I am not even paying cuz mine currently, I think it's 4.65 on the first one I got.

[00:01:06]And 4.65% are you going to find that at a bank? I don't think so.