Can I Borrow Against My Universal Life Insurance? 
A universal life policy is designed to accumulate money to pay for the ever increasing annual cost of life insurance as you age . The policy owner can borrow against the cash value at the rate stated in the policy . The tricky part is that in a universal life policy there is a tendency to underfund . When you borrow money from an underfunded policy you advance the date that the policy will not be able to maintain itself at the current premium . 