Can I Cash In My Universal Life Insurance? 
Yes , you can cash in your universal life insurance . If your health has not changed since you got the policy , and if you happened to buy one without secondary guarantees , you may be able to find a better option now . Contact an honest agent who can assess your policy for you , look at other options available , and determine if a more cost effective policy is out there for you before you make a snap decision to cash it in . Sometimes you can adjust a UL policy to make it work for you . But if the interest rate was high when you bought it and now is using your cash value to help pay the premium , it is probably time to make some adjustments , if not cash it in and start over . 