Yes, you can withdraw money from a life insurance policy in the UK if you hold a permanent or whole-of-life policy that has accumulated an investment cash value. Policyholders can typically access these funds through partial cash withdrawals or policy loans using the accumulated value as collateral. However, standard term life insurance policies—which make up the vast majority of UK consumer protection plans—hold zero cash value and cannot be cashed out, as they operate purely on a risk-protection model.
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