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	<title>New answer on: Can One Borrow Against A Term Life Insurance Policy?</title>

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		<title>By: Jim Winkler</title>

		<link>https://insurancelibrary.com/life-insurance/can-one-borrow-against-a-term-life-insurance-policy</link>

		<dc:creator>Jim Winkler</dc:creator>

		<pubDate>Mon, 07 Jul 2014 03:18:24 +0000</pubDate>

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		<description><![CDATA[That is a great question. There are two reasons why term life insurance is so cheap. The first is that statistically, they rarely have to pay out, and the second is there are very few moving parts to this type of policy. These policies are straight forward, no cash, end at the designated time policies, so there is nothing in it to borrow from. I&#039;m sorry if that wasn&#039;t explained to you when you purchased the policy. Thanks for asking!]]></description>

		

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		<title>By: Gary Lane</title>

		<link>https://insurancelibrary.com/life-insurance/can-one-borrow-against-a-term-life-insurance-policy</link>

		<dc:creator>Gary Lane</dc:creator>

		<pubDate>Thu, 03 Jul 2014 00:33:46 +0000</pubDate>

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		<description><![CDATA[Term is not designed to borrow against. It is the least expensive life insurance because it does not accumulate cash value. After a set number of years, per the contract, its premiums will also escalate. If you are looking a policy you can borrow against, you need a permanent policy. Thank you. GARY LANE.]]></description>

		

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		<title>By: Tim Wilhoit</title>

		<link>https://insurancelibrary.com/life-insurance/can-one-borrow-against-a-term-life-insurance-policy</link>

		<dc:creator>Tim Wilhoit</dc:creator>

		<pubDate>Wed, 02 Jul 2014 17:45:46 +0000</pubDate>

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		<description><![CDATA[As far as borrowing money on a term life insurance which has no cash value, therefore there is nothing to borrow. Term life insurance is basically &quot;renting&quot; life insurance for a certain period of time. Cash value life insurance policies or permanent &quot;owning&#039; life insurance does accumulate cash value and at a certain point can create a loan to the policy owner.]]></description>

		

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		<title>By: Tom Sheehan</title>

		<link>https://insurancelibrary.com/life-insurance/can-one-borrow-against-a-term-life-insurance-policy</link>

		<dc:creator>Tom Sheehan</dc:creator>

		<pubDate>Wed, 02 Jul 2014 16:52:49 +0000</pubDate>

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		<description><![CDATA[There are two basic types of Life Insurance policies, namely Term and Permanent.  In addition to premium cost, one of the biggest differences between the two is that Term coverage is a pure death benefit policy whereas permanent plans include in varying forms cash accumulation elements.  Because there is no such cash accumulation element in term policies, there is no source from which to borrow.]]></description>

		

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		<title>By: Jason Goldenzweig</title>

		<link>https://insurancelibrary.com/life-insurance/can-one-borrow-against-a-term-life-insurance-policy</link>

		<dc:creator>Jason Goldenzweig</dc:creator>

		<pubDate>Wed, 02 Jul 2014 01:09:35 +0000</pubDate>

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		<description><![CDATA[No, you cannot borrow money from a term insurance policy because term insurance does not build cash value. Only permanent policies (universal life and whole life policies) build cash value that you can borrow against.

I hope the information is helpful - please feel free to contact me for help and if you have any other questions. Thanks very much.]]></description>

		

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		<title>By: Lenny Robbins</title>

		<link>https://insurancelibrary.com/life-insurance/can-one-borrow-against-a-term-life-insurance-policy</link>

		<dc:creator>Lenny Robbins</dc:creator>

		<pubDate>Tue, 01 Jul 2014 23:01:59 +0000</pubDate>

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		<description><![CDATA[Term life insurance policies have no cash value and therefore there is nothing to borrow.  However, if you have purchased a term with &quot;return of premium&quot; then there may be cash available if you surrender the policy.  However, be advised the surrender charges are usually very heavily weighted on the front end of the policy.]]></description>

		

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