Is Index Universal Insurance a good investment?

I make about 40k a year. I have student debt 20k and car debt 13k. I'm trying to move out by the end of this year and this company were telling to do IUL as a way to pay off my debt now and for the future.

I've read a bit about this and it seems like there's no middle ground. Could someone help guide me through getting one or not?

Edit: I'm 26, gonna be 27 this year and have 40k saving right now.

Edit 2: I already have a Roth, pension (low tier), and 401k