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

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		<title>By: David Pipes</title>

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

		<dc:creator>David Pipes</dc:creator>

		<pubDate>Mon, 09 Jun 2014 15:35:55 +0000</pubDate>

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		<description><![CDATA[Because life insurance doesn’t insure against a possibility, rather it insures against inevitability, it must provide continuous coverage at a guaranteed premium for a period of time.  To provide a plan where the premium is level, permanent policies were developed.  They set aside money to pay the premiums when they become excessively high.  During the policy period the company is usually willing to exchange the promise of the death benefit in exchange for the money that they have accumulated.  That money is guaranteed in the contract and is known as the cash value.  That can be exchanged for the policy or used as collateral to secure a loan.  ]]></description>

		

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		<title>By: Jim Winkler</title>

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

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

		<pubDate>Tue, 20 May 2014 01:49:44 +0000</pubDate>

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		<description><![CDATA[That is a great question! There are basically two types of life insurance, Term, and Whole Life. Term insurance lasts only for the duration of the stated number of years in the term, and this type of policy has no buildup of cash. The other type, Whole Life, lasts as long as you do, and over time, builds up a cash value that can be withdrawn as a loan. If you would like more information, please feel free to contact me, I&#039;m happy to help. Thanks for asking!]]></description>

		

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		<title>By: Gary Lane</title>

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

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

		<pubDate>Tue, 20 May 2014 00:58:40 +0000</pubDate>

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		<description><![CDATA[You cannot borrow against Term (temporary) life insurance. But you can borrow against Whole Life or Universal Whole Life. These latter two are permanent types of life insurance, or cash value types of life insurance. They accumulate value, which you can borrow against. You can choose whether to pay the loan back or not. But reductions in death benefits are likely to occur if you do not pay back the loan. Proceeds of the loan are not taxable, so long as the policy is kept in force. Thank you. GARY LANE.]]></description>

		

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		<title>By: Tim Wilhoit</title>

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

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

		<pubDate>Tue, 20 May 2014 00:21:36 +0000</pubDate>

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		<description><![CDATA[The type of life insurance that can have cash value to borrow against is known as permanent or cash value life insurance. These policies go by many names like whole life, universal life, indexed universal life and variable universal life. Be sure this policy has been in force for at least 5 years. These policies take about that many years to build cash value as the first few years pays for cost of insurance. Look at the illustrations page to find out your current cash value.]]></description>

		

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