When Can You Borrow Against Life Insurance? 
First off you must have a cash value life insurance plan . It can not be a term life insurance , because those do not accrue cash value . Be sure you have a whole life , universal life , indexed universal life or variable life insurance policy . Typically the first 5 to 7 years the premiums are used to pay for the cost of insurance . After that period is satisfied , the policy will accumulate cash value which you may borrow . Locate the illustrations page of your policy to see the cash value amounts . 