What Type Of Life Insurance Can I Borrow From? 
You can borrow from whole life , universal life , indexed universal life , and variable universal life policies . These are the types of policy that can accumulate cash - basically all policy types except term life insurance . It is an easy process - just call up the insurance company and ask them to send you a check or wire the money . To borrow money from your policy , you must have sufficient money in your cash surrender account and be sure not to borrow too much or the policy may lapse . 