How To Cash Out A Universal Life Insurance Policy? 
I 'd contact your agent first - his name and number will be on your policy somewhere , and then look at a couple of things - how much is the surrender value ? What if anything , will it cost me to surrender it ? and will there be tax consequences if I surrender it ? I 'd also want to know your reason for surrendering the policy - if it is a problem with making payments , you may be able to reduce the coverage and then premiums to be affordable again ; if it 's for some quick cash , maybe a policy loan is an idea to consider , and if it is to close it out and reinvest that cash somewhere else , then that 's something I 'd look at closely also . I hope that helps , if you 'd like more details , contact me , I 'd be happy to go over this in more depth with you ! Great question , thanks for asking ! 