Can You Get A Loan On A Term Life Insurance Policy? 
Unfortunately no , you can not get a loan on a term insurance policy . To be able to secure a loan on a life insurance policy , the policy has to have cash value to borrow against and only permanent insurance policies -LRB- universal life and whole life -RRB- build cash value . I hope the information is helpful - please feel free to contact me for assistance with your coverage and if you have any other questions . Thanks very much . 