Term life insurance policies do not have any cash value, so it is not possible to borrow from a Term life insurance policy.

Term life insurance is "pure life insurance protection" that only covers financial loss from death, and does not provide the option for accumulating cash value inside the life insurance policy over time like permanent life insurance does.

Permanent life insurance builds cash value over time and you may be able to take a loan from the cash value.

Term life ...

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No, you cannot borrow money from a term life insurance policy.

A term life policy does not build up any cash value inside the policy over time like a permanent life insurance policy.

Term life is "pure protection", not an investment.

You may cancel your term life policy and you may get some of the premiums paid back, but there is no money inside the policy to borrow from, just life insurance protection.



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