Can I Get A Loan On My Life Insurance? 
You can borrow from cash value life insurance within the limits of their policy provisions . There are policy loan charges that can range from zero net cost loans to direct recognition loans , i.e. up to 350 , sometimes 400 basis points . Other policy loan provisions include wash loans , spread loans and participation loans depending on what type of permanent cash value life insurance you own . There may be tax consequences if you surrender or lapse the policy with gain in the contract . 