what is better term or permanent life insurance 
both term and permanent life insurance can help you protect your loved ones financially you should buy the one that offers premiums you can afford permanent life lasts longer and has a cash value component but its premiums are usually much higher than term life insurance can you cash out permanent life insurance yes you can cash out permanent life insurance after it has been in force for several years you can take out a loan against your policy withdraw money from the cash value or surrender the policy if you do the latter you may be forced to pay surrender fees and taxes on your withdrawal 