Can you borrow money from your life insurance?

If you have a permanent life insurance policy like Whole Life or Indexed Universal Life (IUL), you’re sitting on a potential cash resource.
You can borrow against the policy’s cash value, often with no credit check, no application, and no tax penalties.

It’s one of the most underrated benefits of owning the right kind of life insurance.

How Does Borrowing Work?

When you pay into a permanent life insurance policy, part of your premium goes toward building cash value.
This money grows over time — and once there’s enough, you can borrow against it just like you would with a personal loan or line of credit.

• ✅ No credit check

• ✅ No income verification

• ✅ No impact on your credit score

• ✅ You’re borrowing from yourself

How Much Can You Borrow?

It depends on your policy’s accumulated cash value.
Many policyholders can borrow 50–90% of their available cash value — sometimes thousands or even tens of thousands of dollars.

You can use that money for anything:

• 💳 Pay off high-interest debt

• 🏠 Fund home improvements

• 🧾 Cover emergency expenses

• 🎓 Help with college tuition

• 🚀 Invest in your business

And the best part? The loan doesn’t need to be repaid on a schedule.

But Be Careful

If you don’t repay the loan (or at least the interest), it reduces the death benefit your loved ones receive.
And if the loan grows too large, the policy could lapse.

That’s why it’s crucial to:

• Borrow wisely

• Monitor your loan balance

• Work with a trusted advisor

Discover the Power of Permanent Life Insurance

Whether you want protection or a flexible financial tool, permanent life insurance offers both.
We help you compare quotes from top-rated carriers so you can choose the best plan for your goals.

✅ Whole Life & IUL policies that build cash value
✅ Access to funds while you’re alive
✅ Instant quotes from multiple carriers
✅ No-obligation, no-pressure application

👉 Fill out the quick form below and see your options in seconds.