How much can I take out from my life insurance policy?

You can take out however much is accessible in the cash value of your cash account. If you are within 10 years of starting your policy, you will only be able to access part of your cash account, otherwise after 10 years you will be able to access the value of the cash inside of your cash account tax-free. If you take out 100% of the cash value in your cash account and stop paying for the policy, your policy will lapse. If you continue to pay your premiums and cost of insurance your life insurance policy will continue to cover you.