When Can You Borrow From Life Insurance? 
First off be sure you have the type of policy with cash value in order to borrow the money . It must be either a whole life or universal life insurance policy . Term life insurance policies do not have a cash value , therefore nothing to borrow from . If you do have a permanent policy you must have paid in enough premiums to build a cash value . The typical plan takes 4 to 7 years to build cash value . If all is the case , just call the insurance carrier and ask for a loan form and enjoy the cash . 