Yes, you can surrender your universal life insurance policy and receive the cash value. Universal life insurance policies typically have a cash value component that accumulates over time. When you surrender the policy, you are essentially terminating the coverage and receiving the cash value that has built up. It's important to note that surrendering a universal life insurance policy may have tax implications, especially if the cash value exceeds the total premiums paid. Additionally, surrendering the policy means you will no longer have the life insurance coverage provided by the policy. Before making a decision, it's advisable to consult with your insurance agent or financial advisor to fully understand the consequences and explore alternative options. The surrender process and the amount of cash value you receive can vary based on the specific terms of your policy, so it's essential to review the policy documents and discuss the details with your insurance provider. Keep in mind that surrendering a universal life insurance policy is a significant financial decision, and it's crucial to consider the long-term implications before proceeding.