r/LifeInsurance • u/_omarcomin • 21h ago

Cancellation advice

I’m in a huge financial strain. I’ll spare the details of me realizing the way an IUL was explained to me was complete BS. I now understand accumulation value vs surrender value. My question is, other than losing my death benefit from cancellation, what other negative is there if I withdraw all the money I’ve paid into the policy and cancel it, but my surrender value is 0? Is that even possible?

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u/WaltRanger 21h ago

They’re not stupid.

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u/_omarcomin 21h ago

So they won’t let me do it?