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	<title>New answer on: Can You Borrow Against Term Life Insurance?</title>

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		<title>By: David Racich</title>

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

		<dc:creator>David Racich</dc:creator>

		<pubDate>Sat, 22 Jun 2013 20:45:29 +0000</pubDate>

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		<description><![CDATA[Term Life Insurance has no cash value. But some term life insurance policies allow the policy owner to purchase a return of premium rider that can refund the premiums paid at the end of the term life insurance contract. There is also a secondary life settlement market for term contracts with conversion provisions for older policy insureds that may have value in the settlement market.
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		<title>By: Peggy Mace</title>

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

		<dc:creator>Peggy Mace</dc:creator>

		<pubDate>Sat, 22 Jun 2013 16:58:37 +0000</pubDate>

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		<description><![CDATA[You cannot borrow against Term Life Insurance to get cash from the Term policy, because there is no cash value in Term life insurance. But you can use your Term life insurance policy as collateral to get a loan in some situations. E.g. The SBA often requires the purchase of a short term life insurance insurance policy when they issue loans. You would need to ask your lender if they are OK with collateral assignment of your policy as terms of obtaining a loan.]]></description>

		

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		<title>By: Ted Ratliff</title>

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

		<dc:creator>Ted Ratliff</dc:creator>

		<pubDate>Sat, 22 Jun 2013 10:50:07 +0000</pubDate>

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		<description><![CDATA[Term Life has no cash value to borrow from.  When a person borrows from an insurance policy it is not from the death benefit but rather the cash accumulation.  Since term insurance has no cash value it would be impossible to borrow from the policy.  Term insurance is like renting, when you leave there is no equity.]]></description>

		

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