Which Life Insurance Can You Borrow Against? 
The type of life insurance that can have cash value to borrow against is known as permanent or cash value life insurance . These policies go by many names like whole life , universal life , indexed universal life and variable universal life . Be sure this policy has been in force for at least 5 years . These policies take about that many years to build cash value as the first few years pays for cost of insurance . Look at the illustrations page to find out your current cash value . 