Can Life Insurance Be Cashed In? 
Life insurance that has a cash value can be cashed in . When it is cashed in , the policy ends . There are some other options , such as borrowing from the cash value , that could be considered if you want to keep your policy in effect . Term life insurance does not have a cash value , and some permanent policies do not have more than a negligible cash value for years , or never generate much cash value . Those type of policies could be stopped , but could not be technically cashed in because there would be no cash to collect . 