How Much Can You Borrow Against Life Insurance? 
The answer how much you can borrow depends on who you choose as our life insurance company and how long you have had your policy , along with the type of policy you buy . In order to borrow against your policy , it must not be a term policy , but only a permanent policy . Permanent policies include Equity Indexed Universal Life , Universal Life , along with Whole Life . I personally prefer Equity Indexed Whole Life polities because they tend to build up the highest amounts of Cash Value . It is that Cash Value against which you are allowed to borrow . The percentage of Cash Value you can borrow varies from company to company . With life insurance sold by Premier Financial Alliance , and its flagship carrier , 167 year old National Life Group , you can borrow an extremely high percentage of your cash value , frequently around 90 % . This allows you to keep your policy open and in force . You even earn income on the money borrowed while you have it . You do not have to ever repay the money and you then keep it tax free , so long as the policy is open . Do not close a permanent policy after borrowing against it , as then the money you take becomes taxable . Leave a death benefit for your beneficiary and you help them and you . Thank you . GARY LANE . Premier Financial Alliance . 714 422 9616 . garylane@cox.net . 