can you cash out a policy?

[rocco23]

What is the name of your state? MN
My questions is can you cash out a life insurance policy and get some or all of the money? I need to start paying off some debt and I'm not just making enough money to do it. This is my last viable option. any help is greatly apreciated.

 

[cbg]

Depends on the type of policy and what the agreement with the insurance company says. There's nothing in the law to prevent it, like there is with a 401k, but there may be contractual issues. Check with the insurance company.