Can You Take A Loan On A Term Life Insurance Policy? 
No you can not . That is a problem with Term . It may cost less to start , but it builds up no cash value . With either Whole or IUL you can build up substantial cash value , frequently bringing the cost down over time versus term . I recommend Equity Indexed Universal Life , which is available from Premier Financial Alliance , from National Life Group . It does not go down , only up , with the stock market . You should talk with your agent working with PFA . Thank you . GARY LANE . 