Do you have a policy that you no longer want, need or cannot afford? If you are over age 65 and have a $250,000 or larger policy, you may be able to turn your policy into cash! Previously, your only option was to surrender your policy back to the company and take whatever value it had, if any. Now, you have the opportunity to turn your policy into cash—or use the “market” value of your policy to obtain a new policy with a higher death benefit, lower premiums, (or no premiums!) and contractual guarantees.