Is it possible to borrow from the amount accumulated in life insurance?

In insurance contracts that have been in force for at least one year and one year's premium has been paid, the insurer is obliged to lend money to the insured upon the request of the insured and based on the value calculated in accordance with the generally accepted actuarial rules at the time of the request.               

The contract remains in force as long as the interest on the debt is paid within the terms agreed upon by the parties. If the interest is not paid on maturity, the insurer sends a notice letter to the policyholder, inviting him to pay his debt with accrued interest and expenses within three months. If the debt is not paid within this period, the insurer participates ex officio and collects the receivable together with accrued interest and expenses. The remaining amount is returned to the insured.