Can I Take Money Out Of My Life Insurance Policy? 
If you have a permanent life insurance policy that has cash value , you may be able to take money out of your life insurance policy . You can do it in the form of a loan , which allows you to repay the money with interest and keep your life insurance coverage intact . Or you can possibly take it as a partial surrender which would reduce your total coverage . Contact your agent or the company that your policy is placed with to find out your options . 