When To Surrender A Life Insurance Policy? 
When considering the surrender of a life insurance policy you have to ask yourself some questions . Does anyone I care about suffer without this life insurance policy ? Who needs my income ? Who would be responsible for my debt ? I am wealthy enough to be sure my loved ones are taken care of financially ? If you find that there is no longer that need for life insurance , then it is time to surrender the policy . Remember the increase incash value that accumulated is now taxable as income upon surrender . 