Can You Borrow From A Term Life Insurance? 
No because a term policy by it 's nature does not build any cash value from which to borrow . Nor can it be used as collateral if you are applying for a loan for the very same reason . Talk to your Insurance Professional about the specifics of your policy and current coverage needs . It may be time to convert all or a portion of your term policy into a permanent form that will eventually include an accumulation of cash value in some form . This takes some time in most cases to build up to any sizeable amount so do n't expect such funds to be available for a number of years . 