You can cash in a Prudential life insurance policy if and only if you hold a permanent life insurance product (such as whole life, universal life, or variable life) that has accumulated a positive cash-value balance over time. Term life insurance contracts build no cash value and offer no surrender payout upon cancellation. For permanent policies, cashing in requires submitting a formal policy surrender request, which permanently terminates all future death benefit protections and may trigger surrender charges or taxable income events.
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