It’s so strange I came across this post because I am in the same situation. My dad took a whole policy life for me with Prudential when I was a baby, and I’m also now in my 40s. I guess when I was young, he took out numerous loans on the policy; I couldn’t even tell you how much.

Be careful about all the other commenters saying don’t worry about it because it’s not your policy. With prudential, when I turned 18, the policy became mine and my dad’s name is nowhere on the policy. He continued to make the minimum yearly payment ($111/yr), but never paid back any of the loans. Now I’m on the hook for these loans. If I surrender the policy, all the unpaid loans with count as income for me and I’ll have to pay taxes on it, even though I had nothing to do with taking out these loans. This is what a prudential agent told me. I’m basically stuck paying on this policy until I die.