1. 4249 POINTS
    Gary Lane
    President, Lane Independent Agency, Southern California
    If you have Whole Life Insurance, you can access cash from it anytime it has been building, which is generally after 3-4 years. The cash value accumulates, building up larger and larger amounts, for emergency access. That cash can then be borrowed from your Whole Life Policy tax free, although it does reduce the death benefit unless eventually repaid by you (if you so choose).
    Answered on November 22, 2013
  2. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    If you are the insured person with a term life insurance policy, the policy will not pay anything until you die. You must die within the years of the term, or else convert your policy to a permanent policy while you have that option. 

    With permanent insurance, you can access it as soon as there is some cash value built up. With some policies, this takes a long time. With others, there is cash value right away.
    Answered on December 6, 2013
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