Can I Cash In A Universal Life Insurance Policy? 
Yes , you can cash in a Universal Life Insurance policy . Actually you are talking about surrendering the policy . When you surrender a policy you no longer will have life insurance coverage and if there is any cash value in the policy you will receive the surrender value as well . A word if caution . ... this could create a taxable event if the cash value you receive is greater than the premium you have paid . Also , consider your current health and age . When you apply in the future the premium will be higher and if your health is not as good you could find yourself uninsurable . 