Can You Borrow From A Term Life Insurance? 
Unfortunately , you can not borrow from a term life insurance policy because term life insurance does not have any cash value from which to borrow . Cash value is only present in permanent policies -LRB- Whole Life , Universal Life , and their variations -RRB- . Not all permanent policies have enough cash value to tap into until they have been in effect for some time , and some -LRB- e.g. guaranteed universal life -RRB- may never have much cash value . If you want a policy with cash value that you can borrow from in the future , most permanent policies will have an illustration that you can review before you purchase it , so you can see who much cash value will be available . 