Can I Borrow Money From My Whole Life Insurance Policy? 
Assuming you have accumulated cash values , the answer is yes . But there are strategies to access cash values . Dividends , which are classified as a return of unused premium , can be taken out free up to basis . Policy loans of gain is the another cash value option to consider . Most participating whole life insurance companies charge some form of interest spread on their policy loans . A few use the more expensive direct recognition policy loans . Before accessing your cash values , order an in force ledger to determine the status of your policy and an illustrated in force ledger displaying your dividend withdrawal or policy loan . 