Hello guys, would like to hear your opinion. I have a GE life insurance policy that has been going on for 24 years, since I was a child. The amount of bonus they provide is not sure yet, i'd have to check the illustration.
However, I'm in need of cash right now. Would it be wise to just cash out everything, or get a policy loan and keep it? Need your opinion, much thanks!

Thanks Adele & Life Balance for the prompt answer. I've actually took out the bonus already. Around 20k, however, I'm still in need of cash. The decision I'm left to make is the Policy Loan and to Cash out. Frankly, I do not see any benefits of maintaining the policy. What benefits would there be? Could you shed light on this matter? Thank you!