The answer is Yes, you may cash in an insurance policy with a cash value amount, tied to it. While term life policies are designed with no cash value, whole life policies, universal life policies and annuities accumulate cash value over time.
You can access the cash accumulation through withdrawal, policy loans, partial surrender or full surrender of the policy. But such alteration could cause a reduction in your original death benefits.
Be sure to consult with your Overpass Insurance Agency, Financial Advisor for more information.
