Can I Cash Out My Life Insurance? 
If there is cash value in your life insurance , and it is of a value more than any loans or fees or surrender charges that would need to be paid , you can cash it out . There are other options for your policy , as well , such as reducing the face amount so that you no longer have to pay premiums on the policy . Or taking a loan from your policy . Or taking dividends as cash . Before you give up a permanent policy that has built up cash value , you should explore these other options . 