Can You Cash Out A Universal Life Insurance Policy? 
Universal life depends upon the development of accumulated funds and these can be surrendered and the policy cancelled . Because universal life does not have a fixed premium schedule , neither does it have a fixed cash value . If the plan was established to have a low deposit schedule you might find that the accumulation is not significant and in fact the policy could be facing a premature ending . Check with a trusted life insurance agent and get the straight information on your contract . 