Can I Borrow Against Life Insurance? 
Video Transcript : Can I borrow against my life insurance contract ? Well , if you have a cash value life insurance contract and it has cash that is exceeding your surrender period or your surrender charges , you 'd more than likely can get to some of this cash . Some people borrow from their policy using policy loans . When you get past about the 15th year , you could also even take your money that you actually originally put in and take that out via a withdrawal . Whether it 's a withdrawal to basis or original premiums that you put in or it 's a policy loan , you can take money out of your policy at any time . There 's no 59 and a half rule like they are in qualified plans . A lot of people like to use life insurance as a sinking fund or a reservoir for cash value . Those policies and withdrawals to basis especially if it 's done after that 15th year in the withdrawal period , those monies come out without taxation . It 's a really good area to have some of your money in . 