Yes, it is possible to cash in a universal life insurance policy. Universal life insurance policies typically have a cash value component, which accumulates over time as premiums are paid. When you surrender your policy, you can receive the cash value that has accumulated, minus any surrender charges or fees. It's important to note that surrendering a universal life insurance policy may have tax implications, so it's advisable to consult with a financial advisor or tax professional before making a decision. Additionally, surrendering the policy means that the life insurance coverage will no longer be in effect, so it's crucial to carefully consider the impact on your financial planning and protection needs. Before making any decisions, it's recommended to thoroughly review the terms and conditions of your specific policy and discuss your options with a qualified insurance professional.