How Can You Cash In Life Insurance? 
If you have a permanent policy you normally have two ways to get money out of your policy . The first is an outright surrender . In this you are relieving the company from paying the death benefit in exchange for an amount guaranteed in the policy . The other is through a policy loan , where you borrow funds from the company and pay a nominal rate of interest . The death benefit remains , however , the loan is repaid from the proceeds should death occur . 