Yes, it is possible to borrow from a universal life insurance policy. Universal life insurance policies often have a cash value component, which accumulates over time as premiums are paid. This cash value can be used as collateral for a loan from the insurance company. The policyholder can borrow up to the cash value amount, and the loan is typically charged interest. If the loan is not repaid, the outstanding balance and interest will be deducted from the death benefit paid to the beneficiaries. It's important to note that borrowing from a universal life insurance policy can affect the policy's performance and may have tax implications. Policyholders should carefully consider the terms and conditions of the loan and consult with their insurance agent or financial advisor before making any decisions.