This is not a straightforward question: depending on how long the policy has been in force and how much the dividend is, you can typically offset your premium with your dividend. You also may be able to borrow from your cash value to pay for the premiums until you get back on your feet.   There really is so much flexibility within these policies that there are probably some other options to help you pay these temporarily as well. If you’re facing this situation and worried about making your payment, we recommend talking to an insurance advisor before cancelling your policy.   Cancelling your policy outright may result in your inability to secure another insurance policy or cause your premiums to increase down the road.