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	<title>New answer on: Can You Cancel Universal Life Insurance?</title>

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		<title>By: David Racich</title>

		<link>https://insurancelibrary.com/life-insurance/can-you-cancel-universal-life-insurance</link>

		<dc:creator>David Racich</dc:creator>

		<pubDate>Mon, 10 Jun 2013 19:28:24 +0000</pubDate>

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		<description><![CDATA[The owner of a universal life insurance policy can cancel the contract by filling out the surrender form of the issuing life insurance company. Be advised the coverage will also cease on the surrender date. If the universal life insurance policy has cash values, any gain in the contract or received by policy loans  and/or internal policy loans will result in an ordinary income taxable event.
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