When Can I Cash In My Life Insurance Policy? 
Accessing cash from a permanent life insurance policy may have surrender charge implications in the earlier years of the policy that create illiquidity to the actual account cash value . The crediting performance of a permanent life insurance , whether participating whole life or universal life , will also dictate what cash can be withdrawn or borrowed if you dont surrender it . There are rules that govern withdrawals and taxation as well as policy loan charges if you elect to borrow money . If you surrender -LRB- cash in -RRB- a life insurance policy and the cash values exceed basis , you will trigger an ordinary income tax event . To determine what cash is available , youll need to order an in force ledger from the issuing life insurance company . 