What Type Of Life Insurance Can You Borrow From?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    The type of life insurance you can borrow from is permanent life insurance that has a cash value. This can be Whole Life, Universal Life, Indexed Universal Life or Variable Universal Life. Normally, Term life does not have a cash value, and therefore is not a policy that can be borrowed from. Keep in mind that you may need to wait for a permanent policy to build a cash value before you can borrow from it, and not all cash value accumulation is guaranteed.
    Answered on July 12, 2013
    flag this answer
    2. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>