Can You Withdraw Cash Value Of Life Insurance?

  1. 12689 POINTS
    Ted Ratliff
    Owner, SFS Associates,
    You can have access to some of the cash value in the form of a withdrawal if you have a Universal Life policy. The typical Whole Life policy will allow you access to a loan on the policy based on the loan value.  Term contracts have no cash value.  Generally it is not advisable to access funds from your life policy unless it is an emergency.  Some policies pay dividends.  Dividends may be withdrawn without affecting the face amount of the policy.
    Answered on October 18, 2013
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