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can you take money off of gerber life insurance?

Public Comments

1. No - The basic definition is that life insurance will pay out when the life that is covered is over.
2. What do you mean by "take money off?" I believe Gerber Life is a whole life policy. If that is the case, typically you can take a loan against any cash value built up in the policy. This is a bad idea if you're planning on using the policy as life insurance, as the policy will be effected and the death benefit reduced if the loan is not paid back in full. If you are using it as an investment vehicle rather than for the death benefit, a loan may be a better option. However you will generally be charged loan interest at least once a year, which you will have to pay in cash.