Can You Borrow Against A Universal Life Insurance Policy? 
Yes , you can but be careful . Universal policies have the advantage of lowering your payments . When you borrow against them , the amount remaining to fund the policy is reduced . This may put your policy at risk of being underfunding . This would require you to put money into the policy to keep it functioning . Always consult with your agent when borrowing , so you do not underfund your policy . Thank you . GARY LANE . 