Can I Cash In My Insurance? 
That 's a great question ! You can , if you meet a couple of conditions . The first is that you have a policy that has a cash value , -LRB- term policies do n't -RRB- and that it has been in force long enough to have built up some cash . Most policies wo n't generate any cash value for the first few years , as they are covering the cost of the insurance , but after that they will start to accumulate funds . There may be a surrender charge or fees that can eat into your amount also . A suggestion ? Think it over carefully before you do , okay ? Depending upon the policy there may be tax consequences , and there is the obvious lack of protection . If you 'd like to discuss the pro 's and con 's a little more , please contact me , so I can help . thank you for asking ! 