If the policy is a Modified Endowment Contract (or if it becomes a MEC, even without your knowing it) any loans against the policy will be taxed exactly the same as if it were a cash-out distribution (plus a 10% penalty if you are under 60), AND you will still owe the full loan + interest back to the insurance company.

But there won't be that much of that sort of thing here -- not unless the local tertiary schools make incredible strides in growing their endowments and expanding their facilities. 

If you want to disrupt SS, you need psychologists to solve the challenges of excess consumption and endowment effect (divestiture aversion). 

Then Hicks, as a regent for Univ of Texas, hired lobbyists to petition for the creation of UTIMCO (University of Texas Investment Management Company), which Bush as Governor then signed into law, and of which Hicks was then named the first chairman.UTIMCO then doled out HUGE contracts to private investment firms to manage their endowment.

They need an NEA endowment if we are to effectively combat terrorism.

Here are the responses I received on M* You are suggesting the US be run like an endowment fund?

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty, and the pursuit of Happiness.

Here is part of the Declaration of Independence, which, by the way, is NOT law.We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.

There are lots of other options such as finding another investor that would be willing to partner with you and pay the down payment for the property, or if you have access to the capital you can do what is called a Modified Endowment Contract which is an Insurance policy that is funded by a single premium payment. 

With their HELOC they use a strategy called a Modified Endowment Contract.