When Can You Borrow From Whole Life Insurance? 
In Canada , you can borrow from your whole life policy as soon as there is a cash value in the policy . If you pay the annual premium that could be day 2 of the policy . Important to remember that if the amount borrowed exceed the adjusted cost base of the policy it with trigger a taxable policy gain . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . 