Can I take money out of my life insurance?
If you have a permanent life insurance policy, then yes, you can take cash out before your death. There are three main ways to do this. First, you can take out a loan against your policy (repaying it is optional).
How can I use life insurance if I am alive?
There are three ways that you can use life insurance while you're still alive: accessing cash value (this doesn't apply to term policies), using your living benefits (these also have requirements) and selling your policy.
Can I get money back if I cancel my life insurance?
If you stop paying the premium for your term life insurance policy, your policy will be automatically cancelled, all your coverage will be halted and you won't get a refund.