Your life insurance policy may allow you to take out ... If you need cash to meet other expenses, you may have the option of drawing on your cash value account to cover the policy premium.

However, our opinions are our own. See how we rate life insurance products to write unbiased product reviews. Cash value is money that accumulates on a permanent life insurance policy, which can ...

Here's how to access the cash value you've built in your life insurance policy. Although the rules vary by plan, you may be able to draw cash from your permanent life insurance policy. Withdrawals ...

Some single-premium life insurance policies allow policyholders to draw from the death benefit tax-free to pay living expenses. Such withdrawals decrease the amount of the death benefit accordingly.

These allow you to draw a limited amount out of your policy to cover medical and other bills you cannot pay while sick. Much like a 401(k), many life insurance policies have penalties for early ...