Can I Borrow Against My Universal Life Insurance? 
The short answer is yes , you can borrow money from your universal life insurance policy , or other permanent - cash value life insurance policies . Understand the mechanics and costs associated with borrowing from your policy . This is an area that many agents and consumers are not all that familiar . You do not want to incur taxes as a result of borrowing too much and/or lapsing your policy . Consult with an experienced life insurance agent to help determine the best course of action . Careful planning and monitoring cash value life insurance policies is the best course of action . 