9/23/2026 11:11 PM (PST)

If you are searching for how to use life insurance while alive, certain life insurance policies may provide ways to access value before death. Depending on the policy, options can include accessing accumulated cash value through a withdrawal or policy loan. Another possibility for eligible policyholders is a life settlement, where an existing policy is sold to a third party in exchange for a lump-sum payment. The available options depend on the policy terms and the individual’s circumstances. Before accessing or selling a policy, review the potential effects on your coverage, beneficiaries, taxes, and future financial needs.