When To Cash In A Whole Life Insurance Policy? 
That is a great question ! I 'm not really sure what your motives are for cashing it in -LRB- `` surrendering '' -RRB- , but there are definitely some things you want to think about first . What protection will you have if you do surrender it ? Will you be left uninsured , or put into a position where finding a policy that is as affordable as the one your dropping is unreasonable ? If so , maybe keeping the policy is a better idea . Is it just that you need a smaller premium , or some quick cash ? If so , maybe reducing the face value is a better idea - the premium would be less , and you would still have coverage . If quick cash is the need , perhaps a policy loan would be better , all you have to do is find out from your agent how much is safely available to borrow from the policy , and keep the policy active . I hope this helps , contact me if you need help , okay ? Thanks for asking ! 