Can You Surrender A Life Insurance Policy? 
Great question ! It is almost always better to surrender a policy instead of just stopping payments and allowing the policy to lapse . By surrendering it , you can retrieve all or most of the cash value in the policy . Be aware that term policies have no cash value , so there is nothing there to get back . Once you have surrendered the policy , you lose all coverage that the policy had provided , so be sure that your new policy is in force first , okay ? Any questions , please contact me . Thanks for asking ! 