Can You Borrow From Your Life Insurance? 
You can borrow from your life insurance if there is cash value from which to borrow . If you have Term Life Insurance , there will not be any cash value , so that is not the type of life insurance that can be borrowed from . Permanent insurance such as Whole or Universal Life may have enough cash value to secure a loan You can ask your agent or the life insurance company for an illustration that will show how much cash value is available to you . and also show the interest you will need to pay so that the death benefit stays in effect while you pay the loan back . 