Primerica currently promotes the use of a "policy assignment" as a security or collateral for loans by sending out the appropriate paperwork, but then denies the accessibility of such service. The term life insurance policy is only beneficial if someone dies within 3 years of having the policy; after that it is worthless and should be called "death insurance" . Get whole life--from any reputable insurance company--and let it work for you while you're living; especially if you live past the first 3 years of paying premiums. If you were unfortunate enough to purchase term life from Primerica--surrender the policy and sue for the return of premiums paid. If enough people sue for the return of paid premiums; they will stop misrepresenting what the product can do.