Borrowing against Perm Life Insurance policy

3 Replies

Has anyone use their permanent life insurance policy in order to either borrow against it, or have a lender offer a loan against a forecasted cash value?

Any lender recommendations that is open to this type of lending?


I am using the cash value of my life insurance constantly for investments. I am taking a loan from a bank, that is secured by the cash value. As it is a third party lender, I can even deduct the interest of the loan as an investment expense.

There are few lenders specialized in Cash Value Line of Credit (CVLOC). Some will work with only certain type of permanent life insurance and specific insurance carrier, some will work with many.