Can I Draw Money From My Life Insurance? 
To give you a simple answer , yes , you can do this in a form of a policy loan if you own a Whole Life policy . You will be charged interest , so it a good idea to at least to pay the interest . You will not have a set payment schedule and failure to pay will not mess up your credit rating . The amount of the loan plus interest will be deducted from the death benefit when you die . 