Can You Cash In Life Insurance? 
You can cash in your life insurance if there is any cash value , minus surrender charges and fees . If you want money from your life insurance policy , it might be better to take out a loan on the cash value . If you are unable to pay the premiums any more , it may work to change it to a reduced paid up policy . Permanent , cash value life insurance offers options of which the policy holder is often unaware . Before you cash in your policy and lose the coverage altogether , discuss your options with the agent who sold the policy to you , or call the company through which it was issued . You can even contact another agency you trust to help you with that decision . They are ethically bound to help you keep it if that is in your best interest . 