Can I Take A Loan From My Life Insurance? 
Yes , you can take a loan from your life insurance if it has accumulated sufficient cash values to do so . Only Whole Life and Universal Life -LRB- or variations of those -RRB- accumulate cash value . To keep the policy intact , you must repay the loan with interest . Considering that you are borrowing the money from yourself and repaying yourself , taking a loan from your life insurance policy can be a great way to access cash when needed . Just be sure you understand all the in 's and out 's of taking out your loan . 