Can You Cash In Your Life Insurance? 
Yes , someone can cash in their life insurance if there is cash value in the policy . If it is early in the years of a cash value policy -LRB- Whole Life or Universal Life -RRB- , surrender charges will be subtracted from the cash value . There are other options for many policies that you may want to explore . E.g. you could possibly make your policy into a reduced paid up policy . You would not have the cash value to spend , but you would still have some life insurance for which you no longer have to pay a premium . Visiting with your agent can be helpful in making the decision whether or not to cash in your life insurance . 