You can borrow almost all of the available cash value of the policy if it's whole-life insurance. For instance, if your policy is for $100,000 and you have built up $40,000 of cash value you can usually pull out around $39,000 from the policy.
Your death benefit will be reduced by the amount you have pulled out.
If you have term life insurance you can't borrow any at all.
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Your death benefit will be reduced by the amount you have pulled out.
If you have term life insurance you can't borrow any at all.