Can You Get A Loan On A Term Life Insurance Policy? 
No , you can not borrow from a standard term life policy . Standard term life policies do not accrue cash value , thus there is nothing to borrow against . If you are looking for a policy that will allow loans , you need to look at a form of permanent life insurance . Specifically , you should look at whole life or universal life . Get with an agent in your area to go over the options . Be sure to mention your objectives , such as the ability to borrow from the cash value . This way your agent can be sure to match you with the right policy for you . 