How To Borrow Against Life Insurance Policy? 
If your life insurance policy has a cash value it is as simple as contacting the company and instructing them that you would like a loan . In Canada a the amount you can borrow can vary depending on policy type it can be up to 90 % of the cash value , Since there may be tax consequences depending on how much you borrow and if the policy is in a gain position , be sure to ask about it . If you are taxes when you pay it back you receive an adjustment . An alternative would be to use the policy as collateral at a bank . Check to be sure you understand the options and are making an informed decision . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . 