Can One Borrow Against A Term Life Insurance Policy? 
That is a great question . There are two reasons why term life insurance is so cheap . The first is that statistically , they rarely have to pay out , and the second is there are very few moving parts to this type of policy . These policies are straight forward , no cash , end at the designated time policies , so there is nothing in it to borrow from . I 'm sorry if that was n't explained to you when you purchased the policy . Thanks for asking ! 