What Life Insurance Can You Borrow Against? 
You can borrow against a whole life policy , which typically has a guaranteed cash value . This amount starts slowly -LRB- on most policies -RRB- and gradually increases each year . Additional dividends may be paid on a participating policy and they can also be borrowed or withdrawn . There will be specified interest rate charged to your loan amount . Because of the complexity of withdrawing cash from a contract , it is always best to consult an experienced broker or a CPA to ensure you are making a wise decision . 