Depending on your insurer and the life insurance policy that you may have, there may be instances in which you can access the funds of your life insurance policy while you’re still alive. For example, if you have a permanent life insurance policy, your policy may accrue cash value, which may be able to be withdrawn or borrowed against as a loan. Or, you may be able to sell your permanent or term life insurance policy or surrender it for a cash value. Every policy is different, and tax implications or penalties for doing this may exist. Please discuss your options for using your life insurance policy while you’re still alive.