Accessing Whole Life Cash Value

Why is accessing whole life cash value so important?

The cash value of a whole life policy is savings that grow tax-free inside the policy. How policyowners access those savings can have dramatic implications for the long term growth of that net 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 the death benefit. Once a policyowner surrenders cash out of a policy it cannot be put back into the policy.

Borrow from a bank

Borrowing from a bank preserves the growth of the policy and tax advantages of the underlying cash value1. However, rates charged on these loans may be higher than an iLOC, and the experience from origination to making draws can be cumbersome, requiring a lot of paperwork and time.

Borrow through Inclined

iLOCs offer all of the policy growth and tax advantages of borrowing directly from a bank2, with competitive rates, lower minimum line sizes, faster draw times and a simpler application process.

How can I get started with Inclined?

Northwestern Mutual and MassMutual Financial Advisors can sign up for our Advisor Portal and begin sending clients (or themselves) invitations to apply on the same day.


Policies from direct recognition carriers may earn lower returns when a policy loan is taken against the cash value.


Consult with your tax advisor.