Create an Account

Register to access your existing Transamerica accounts.

View login
A policy with a guaranteed cash value.

Whole Life Insurance Cash Value


Term LifeWhole LifeUniversal Life
Variable Universal LifeAccidental DeathFinal Expense Life

One of the most popular aspects of whole life insurance is the cash value component. This cash value is available to you as a loan, barring certain restrictions, whenever you need it. You’ll therefore need to pay back the loan in order to receive the full death benefit amount on your whole life policy.

Contact an agent to learn more >


How do I access my cash value?

If you want to borrow against your policy, contact your insurance company. Once your request is processed, you’ll receive a check in the mail. It’s as simple as that.

Unlike other types of loan approvals, the process does not require taking out a loan application or waiting for a loan committee for approval. However, make sure you understand that these funds come at a cost—interest. Pay the loan back over time to ensure that the death benefit is paid out in full.


How can I use my policy's cash value?

If you find yourself in financial hardship and need immediate funds, your cash value can help get you out of a jam. Some reasons people draw on their cash value include:

  • Health emergencies.
  • Urgent childcare needs.
  • College expenses.
  • Retirement savings.
  • Reducing outstanding debts.

If you can no longer afford to pay your premiums, you may be able to use your cash value to purchase a cheaper whole or term life insurance policy. This can help you meet your financial needs and provide financial protection for your loved ones.


What is the downside of borrowing from my cash value?

If you borrow from your insurance policy, you will be charged interest on the loan. You also need to pay the money back in order to make the full value of your death benefit available should the worst happen.

There also may be times when your cash value might not be available to borrow. In this case, you will need to consider other sources of funds during times of emergency.


Image Alternative Text Missing

How do I start accumulating my cash value?

You will need to purchase a permanent life insurance policy, such as universal or whole, to start accumulating your cash value. By choosing Transamerica as your insurer, you have the benefit of a 100-year-old company that is recognized as an industry leader. Contact one of our agents today to get a quote and find out how you can begin growing your policy’s cash reserve.

Contact an agent to purchase permanent life insurance