Agencies try and do a C- job of making these complex products simple to understand.Div Paying WL blending term insurance into the policy & a Universal life policy which is basically term with a excess-account (my word) that links the overfunded portion of your premium to an Index(S&P Nasdq Bond index Multi Index etc.) are basically trying to achieve the same goal using two diff "crediting" strategies.WL is using dividends and IUL are using Index credits IUL generally has a floor of 0%-1% in neg Market years with Caps of 9%-14%  or if Uncapped the participation will be some number less than 100% i.e. 65%WL dividends are not guaranteed but most co. like a Mass M or Penn M NY Life etc have a over a 100 year+ track record of paying dividends  so to not pay one would like mean death of that insurer from a competition standpoint For Banking purposes inf banking... they want you to use your policy loan feature like a checking account much like a HELOC although ( they dont offering check writing?!?!)

Phrasing it that way allows you to just start a conversation and uncover their motivation, or lack thereof.

If you are growing modestly, you will still uncover the occasional value-add property. 

This had always been my intention - to get into larger properties with 1 roof, 1 driving route, 1 sprinkler system, etc, but I recently started considering the multiple 4-units to (A) increase property value (through leverage) and (B) create a path to "average-out" to a decent blended cap rate across multiple properties.The multiple 4-unit strategy would allow me to purchase 2 properties with ~30% LTV within the 1031 window to satisfy the requirements, then do a cash-out refi (almost immediately) and redeploy the rest of the capital into 2 additional properties when cap rates improved.