Can You Cash In Your Life Insurance Policy? 
Yes , you can cash in a permanent life insurance policy that has cash value . However , there may be other options for your policy that will not cause you to lose the death benefit coverage . E.g. . If the premium is too high , you may be able to reduce the face amount that will lower the premium , or even turn your policy into a reduced paid up policy for which no more premiums are needed . If you need cash for living expenses , you can take a loan from some policies . Visit with an agent to make sure you are doing the most economical choice with this valuable policy you had purchased in the past . 