Can I Borrow From My Globe Life Insurance Policy? 
If it 's a permanent life insurance policy that builds cash value , you can borrow from it . The amount that can be borrowed depends on how much cash value has accrued inside the policy . When you borrow money from a life insurance policy , you 're creating a loan as the money is expected to be paid back and loan 's require interest to be paid on the loan . If the insured dies and there is an outstanding loan balance on it , the beneficiary would receive the death benefit less the loan amount and any interest due on the loan . It may be helpful to discuss it with your agent before borrowing from the policy to find out more about what will happen -LRB- e.g. what 's the interest rate that will be attached to the loan -RRB- when you borrow from the cash value . 