Can You Cash Out A Universal Life Insurance Policy? 
Yes , you can cash out a universal life insurance policy . If you have one of the original UL policies that were not guaranteed , and is now using your cash value to supplement the premium , you may find cashing it out and getting a new policy is your best option . However , if you are no longer able to get a new policy due to health issues , or if your age is making premiums very high for a new policy , you may be able to adjust your current Universal Life policy to make it work for you . Contact an agent you trust to evaluate your present policy , find you a new one , and then explain the pros and cons of keeping or surrendering your current UL policy . I am happy to help , if you 'd like to contact me . 