Yes, with most universal life insurance policies, you are able to withdraw money. In most cases, you are able to borrow against the policy's current cash value. There are a few points you should keep in mind, however:
-The money you borrow or withdraw is subject to taxes, and you will be responsible for paying them, if applicable.
-You may be subject to early withdrawal penalties if you take out the cash before a certain age.
-If you take out a loan, it could reduce the overall benefit of the policy.
-You will have to repay the money you borrow, with interest.
Generally speaking, it is not advisable to withdraw large sums of money from a universal life insurance policy, as it could reduce the death benefit and reduce the overall value of the policy. However, if you are in a financial pinch and need the money, you may be able to withdraw a small sum. Make sure you understand all of the regulations and potential taxes and penalties associated with withdrawing money from your policy before you do so.
For more information, you can check out this guide to withdrawing money from a universal life insurance policy: http://www.insurancejournal.com/magazines/features/2016/07/01/428695.htm.