What Kind Of Life Insurance Can You Cash Out? 
To `` cash out '' a life insurance policy , of course , there must be cash in the policy . Typically , it takes a year or two -LRB- sometimes less -RRB- to accumulate cash . There are other variations of the previously-mentioned permanent plans that may also have a cash value . Whole life , variable life and universal life plans will generally have a cash value available to you . Term plans typically do not . 