How Do You Get Rid Of Whole Life Insurance? 
Unless it is a very new policy , or if you have borrowed heavily from it , Whole Life Insurance will have a cash value . Therefore , you will have some choices in how you want to `` get rid of it '' . You might choose to keep it with a reduced face amount and not pay any more premiums . You might want to take the cash value , or roll the cash value over into another policy . Contact the agent who sold you your policy to determine your best choice . If that agent is no longer in business , you can contact the insurance company or another agent for assistance . 