Borrowing against a life insurance policy is typically possible once the policy has accumulated a cash value. The cash value serves as collateral for the loan, and the policyholder can use it as a source of funds. The loan can be repaid with interest, and if it is not repaid, the outstanding balance plus interest will be deducted from the death benefit. It's important to note that borrowing against a life insurance policy can affect the policy's performance and reduce the death benefit available to beneficiaries. Additionally, not all types of life insurance policies allow for borrowing, so it's essential to review the specific terms of the policy. Consulting with the insurance provider or a financial advisor can provide personalized guidance on the implications and considerations of borrowing against a life insurance policy.