A policy that can be accessed through withdrawal or borrowing is?

The correct answer is permanent life insurance because it builds cash value over time, which policyholders can access through withdrawals or by taking out loans against the policy. This cash value component differentiates permanent life insurance from term life insurance, which only provides a death benefit without any cash accumulation.

Mortgage life insurance is specifically designed to pay off a mortgage in the event of the policyholder's death and does not offer the same cash value benefits. Accidental death insurance typically provides coverage only in the event of death resulting from an accident and does not involve any cash value features. Permanent life insurance policies, such as whole life or universal life, allow you to leverage the accumulated cash value during your lifetime, making them a versatile financial planning tool.