Can I Cash In My Variable Life Insurance Policy? 
When a permanent life insurance policy has a accumulated a cash value , often times there is a way to surrender -LRB- or ` cash in ' as you wrote -RRB- the policy . Without a great deal of additional information , you would be best served just calling your insurer directly -LRB- or the agent that sold you the policy -RRB- and asking about this and any surrender charges . Again , without knowing details about the specific policy and when it was issued , it ca n't even be determined if there is a cash value . If you want to keep the policy but just need to take a loan out for a temporary amount of time , they may go over policy loans . If it is a matter of not being able to afford the policy anymore , but you want to keep some coverage , they may go over some of the non-forfeiture options . These may include extended term or reduced paid-up . 