If you’re looking at ways to deal with traditional life insurance policies, there are usually two paths One is surrendering the policy, which lets you stop payments and get a surrender value. This is typically a percentage of the premiums paid, but it can exclude the first year and often ranges between 30%-50%, depending on the policy. Another option is making the policy paid-up. This means you stop paying premiums, but the policy stays active with reduced benefits. The final payout is adjusted based on how much you’ve already paid. Surrendering offers immediate cash but ends full benefits, while paid-up policies retain reduced coverage. Review terms and consult the insurer to understand financial impacts.