How Much Can You Borrow From Life Insurance? 
You can borrow almost all of the available cash value of the policy if it 's whole-life insurance . For instance , if your policy is for $ 100,000 and you have built up $ 40,000 of cash value you can usually pull out around $ 39,000 from the policy . Your death benefit will be reduced by the amount you have pulled out . If you have term life insurance you ca n't borrow any at all . 