How Much Will I Get If I Cash In My Life Insurance? 
If you own Term life insurance , there will be no cash to cash in . However , if you own Return of Premium -LRB- ROP -RRB- Term , and have held onto the policy long enough , you will be able to get back part or all of the premium you paid in . If you cash in Whole Life or Universal Life , the amount you get back is stated in a current policy illustration . That amount is called the surrender value . You can order a current illustration from your life insurance company or agent . 