In point of fact, this is why any form of life insurance policy loan is shown as a «reduction'to the death benefit of the policy. (kitces.com)
Further, the cash value in your policy can be accessed tax free through life insurance policy loans. (insuranceandestates.com)
You can access the cash tax free by either taking life insurance policy loans * or withdrawing cash not to exceed the amount invested in the insurance contract. (insuranceandestates.com)