Can You Borrow From Supplemental Life Insurance? 
If you have cash value life insurance that has accumulated surrender values , then you can borrow money from your policy or -LRB- withdraw basis , generally after the 15th year of the policy . -RRB- All cash value life insurance policies have loan provisions that assess an interest rate charge : zero net cost loans , wash loans , spread loans , direct recognition loan and participation loans . Policy loans have two sets of rates : fixed and variable and are prices at current company practice and contractual guarantees . 