Can You Take Money Out Of A Term Life Insurance Policy? 
That is a great question , and one that I get a lot ! The reason that term life insurance policies are as cheap as they are is because they have very few moving parts . They are very simple , and have very few perks . The cost of your policy is low , because all you pay is the cost of insurance , and some fees and profits for the insurer . There is a very likely chance that you will outlive the term , and they owe you nothing when that happens as when the term policy ends it 's as if it never existed . There is no cash value , so there is nothing that you can borrow from . These types of policies are very good for covering short term debt obligations , or supplementing your gift to your beneficiaries , but not so good at anything else . You would need to have a whole life policy to have borrowed from . I hope that helps , thanks for asking ! 