Can I Cash Out My Universal Life Insurance Policy? 
Maybe ! Universal life policies are curious things ... If it has any cash value you can surrender it and `` cash it out '' . Whether it has any cash value will depend on how long you 've had it and how well you 've funded it - that is how much you 've paid into it . If you 've had the policy for a long time and never increased the premium payments there may not be any cash value left . Request an in force illustration from the issuing company to find out what if any surrender value it has . 