Depending on the company you are working with, return of premiums can be guaranteed after 10 or 12 years. So even if you want to walk you can.

There will be interest on the loan, but it is usually more favorable than borrowing from a 401(k). 401(k)’s usually have limits on loans and they must be repaid or they are considered distributions. Life insurance loans don’t need to be “repaid,” the outstanding loan is simply deducted from the death benefit payment.

Finally, it should be understood that significant cash value takes a few years to build.

I couldn’t agree more with you, but when writing this post, I wanted to give ALMOST bullet proof reasons as to force people to think outside the box when they hear that all whole life is evil.