Accessing Your Cash Value

Why is accessing your cash value so important?

Your whole life cash value is your savings that grow tax free inside the policy. How you access those savings can have dramatic implications for the long term growth of that cash value, and death benefit.

What are the different ways of accessing cash value?


The most basic form of accessing cash value is to simply pull money out of the policy, which is called surrendering. Surrendering can have significant tax implications and lowers your death benefit. Once you surrender cash out of a policy it cannot be put back into the policy.

Borrow from your carrier (Policy Loan)

Borrowing from your carrier preserves the death benefit and tax advantages of your underlying cash value. However, rates charged on policy loans are currently up to 0.73% higher1 than those of an iLOC.

Borrow through Inclined

iLOCs offer all of the death benefit preservation and tax advantages of borrowing from your carrier, but with a lower rate than your carrier offers.2

Is this a big deal?

Yes. A rate up to 0.73% lower1 drives exponentially higher growth in your underlying net cash value and death benefit.


As of Q4 2022 the policy loan rate at Northwestern Mutual was 5.73%. Inclined’s Annual Percentage Rate (APR) is fixed at 5.00% per annum for the first two years of the loan.


Consult with your tax advisor.