How To Borrow Against A Life Insurance Policy? 
You may borrow against your life insurance policy if the following criteria are met . First be sure you have a cash value life insurance plan and not a term life plan . Cash value plans are whole life , universal life , indexed universal life and variable universal life . If you find these are what you have locate your policy and look at the illustration pages to find the cash value available to borrow . Remember that most plans take about 5 years to accrue cash because of cost of insurance funds must be met prior to accruing . If you find there is a cash value amount great enough to borrow contact your agent or insurance company to simply start the process . Expect to receive funds within a few short weeks . 