Yes, you can. As long as it is a policy with cash value, it can provide policy loans.

For customers who need it in the short term, policy loan is a good choice, and its advantages mainly include:

First, when the policy is valid, the customer can continue to enjoy the insurance protection stipulated in the policy during the loan period. Compared with surrender, the insured need not worry about losing protection due to surrender, and can also avoid the loss of surrender fees.

Second, the policy loan processing method is simple. The insured only needs to bring the policy, valid identity certificate and written consent of the insured to apply for a loan to the insurance company in person. Taiping Life said that as long as the lender brings all the materials, the insurance company can complete the business on the same day.

Extended data:

Legal Risk Analysis of Life Insurance Policy Pledge

Life insurance policies basically have the elements of pledge: life insurance policies are claims based on life insurance contracts, that is, claims. Whether this right can be pledged depends on whether it is property, whether it can realize its value through market transactions and whether it can realize possession publicity.

The pledged object of the life insurance policy is virtual property, which belongs to "other property rights that can be pledged according to laws and administrative regulations" stipulated in Item (7) of Article 223 of the Property Law, and can be used as the pledged object.

Life insurance policy has cash value and returnability, and its pledge object is the right to ask the insurer to pay the corresponding price, which belongs to property right in nature.