How Do You Cash In Your Whole Life Insurance Policy? 
That is a great question ! Cashing in , or `` surrendering '' your policy is actually a very simple process , but I 'd really ask you to think about it before doing it . The first thing is that you have another policy in force before you cancel this one . The second is that if it is a cash flow issue , that you consider a couple of alternatives - maybe you reduce the coverage amount , and lower the monthly payment ; maybe you settle the policy for the amount it will pay out now , and keep the coverage with no more payments due ; or perhaps you just borrow out of the policy , and keep the policy active while getting the cash that you need . If you have your heart set on surrendering the policy , contact your agent , have them instruct you on the company 's requirements , and tell you the amount to expect . I hope that helps , thanks for asking ! 