Can I Borrow Against My Whole Life Insurance Policy? 
If you have accumulated cash values you may be able to borrow -LRB- maybe withdraw -RRB- from your whole life policy . Assuming that your whole life policy is participating i.e. pays annual dividends , you can access them free up to basis . If you still need more money , you can borrow the policy gains via policy loans . Keep in mind that most participating whole life policies use spread loans and a few use direct recognition loans . 