Can I Cash In A Universal Life Insurance Policy? 
Yes , you can cash in a universal life insurance policy . Or you can borrow from the cash value , which can keep the death protection intact . There are old UL policies that were projected to last a lifetime at a level premium due to high interest rates , but now are requiring higher and higher payments because interest rates are so low . The best way to know whether to cash those in or not , is to see what a new permanent policy would cost . New UL policies can be guaranteed to last a lifetime at the same premium . If you are still healthy , you may be able to get a guaranteed no lapse UL for about the same premium you are paying now . If your health is poor , you can perhaps reduce the face amount of your universal life policy to extend the years it will last . 