Can You Cash Out A Universal Life Insurance Policy? 
Yes , you can cash out or what your referring to is surrendering the policy . Before you do , I would recommend that you consider a couple thoughts . First , if you surrender this policy , you will no longer have life insurance . Are you planning on replacing this policy ? Consider this carefully . Second , depending on how long you have had your policy , you might get some cash value paid to you . If there is a lot of growth , you may have to consider the tax consequenses as if you get back more than what was paid into the policy , the difference will probably create a tax burden . There are options other than surrendering a policy if you want the or need the cash value . Consider taking a loan or just withdrawing the cash value . In either case , please consult with your agent or broker to review all your options and any consequenses 