How Do You Get Out Of Variable Life Insurance? 
If you are determined to get out of your variable life insurance policy , you should first figure out if there is any cash value there for you . If there appears to be decent cash value in the policy , you can have an as-is illustration run to see how long the policy will last in its ' current configuration with no further premiums . You can get this illustration by calling the customer service phone number for your insurance company . You can use the cash value in a `` 1035 exchange '' for another policy . I 've often found that the cash value from an older policy can fund a new policy at the same or similar death benefit without any further premiums . It costs nothing to find out and you could maintain life insurance coverage without any further expense to you for the rest of your life . You can stop all premium payments and the policy will eventually lapse . The other option is to simply pull the cash value out and keep it . Consulting an independent life insurance agent who can assist in this process is probably a good idea . 