May I “cash-in” my policy prior to its maturity?

After the “initial period” as stipulated in the table below, provided that the policy is in force, it may be terminated for its cash value (surrendered).

However, it is never advisable to surrender a policy, especially in its early years, as this will cause you to lose money. If the policy is surrendered after only 3 years premiums have been paid, then it is unlikely that the cash value will exceed the premiums paid.