Can I Draw Money From My Life Insurance? 
Yes or no ... Depends on the type of Life Insurance you have . If you have a permanent policy such as a Universal Life or Whole Life , and there is a cash value available , you can either withdraw this or take it as a loan . Be aware of the `` rules '' on the loan types available . Also , if you have a Return of Premium Term product , and this has been in force for say over 5 years , then you may have cash cash value available as well . You can take this as a loan . If you surrender the policy , you will get some cash value back however I do not recommend taking this action unless there is a very good reason to do so . 