Can I Cash Out My Whole Life Insurance Policy? 
That is a great question ! A better one might be why do you want to ? If you do , your policy ends , and you have no more coverage . If you have a policy through work , and are thinking of dropping this one , remember that if you leave work , most likely your coverage again ends . Life insurance costs are based upon your health and age when purchasing . So if you have had this policy for a long while , you can expect that replacing it will cost you considerably more . That said , if you are looking for some quick cash , perhaps keeping the policy and borrowing from it instead would make more sense . Your policy would still cover you , and would pay out the face value minus loan and interest amounts were something bad to happen to you in the mean time . If your heart is set on cashing it out , contact your agent , and tell them that you want to `` surrender '' the policy . They 'll get a check to you shortly . Thanks for asking ! 