Can I Borrow From My Life Insurance? 
Talk to your Insurance Professional about your particular policy , but if you have a form of permanent Life Insurance that is developing cash accumulation , then more than likely you would be able to borrow some of the available cash . In most cases , a nominal interest rate will be applied to the outstanding loan balance until it is paid back . However , there is no particular requirement to pay back the loan . Understand however that if the loan and accumulating interest is still outstanding at the time of your death , that amount will be deducted from the payable death benefit and your beneficiary will receive a reduced amount accordingly . 