There is no easy answer to this question, as it depends on a variety of factors specific to each individual policy and situation. In general, however, there are a few times when selling a universal life insurance policy may be the right decision.
If the policy has stopped earning interest and the premiums are no longer affordable, it may be time to sell. Another reason to sell might be if the policyholder needs access to their policy’s funds immediately and does not want to wait for the policy to mature. Finally, if the policyholder's financial situation or health changes significantly, selling may be the best option.
Ultimately, whether or not to sell a universal life insurance policy is a personal decision that should be made after considering all of the pros and cons.