How Do You Cancel A Universal Life Insurance Policy? 
Universal Life Insurance , like any `` permanent '' insurance policy , needs to be cancelled through the carrier that it is written with . If you have an agent , you can contact him/her and ask for the SURRENDER forms . By requesting and submitting a completed form , the issuing company will refund your Cash Surrender Value at the time of the request and send them to you via check or EFT . Before cancelling ANY permanent policy , carefully consider your insurability , cash flow , and benefit need , as you may not be able to replace a terminated policy . 