Can You Borrow From Your Whole Life Insurance Policy? 
That is a great question ! Being able to borrow from your policy is one of the best reasons to have a whole life policy . It is a great way to get money no questions asked when you need it ... That said , there are a couple of things that you need to know . First is that if your policy is under 5 years old , there probably is n't much to borrow . It usually takes between 2-3 years for your policy 's expenses to be paid , and for the cash t begin piling up . The second is that whatever you borrow is subtracted from the benefit at the end , if you do n't pay it back . You also need to be careful that the amount of the loan plus interest does n't grow big enough to capsize your policy and cause it to cancel . Pay back what you can , as often as you can , to keep that from happening , ok ? Thanks for asking ! 