All you have to do is call the carrier and asked for surrender forms. Most will require that you sign and return them via regular mail. In all circumstances though, it should be rather simple. If the policy has any net cash value, remember to provide the carrier with an address or bank account to send the funds to.
You can get out of a universal life insurance policy at any time, although if you have substantial cash value, you may want to wait until after the surrender period.
With term life, you can simply quit paying on the policy to cancel it, but that is not recommended with universal life. If you set up your UL policy so that the cash value will pay your premium, your policy will not end if you quit paying the premium; it will simply drag out until the cash value is used up. Rather, call your agent or the insurance company to get your options, which could include rolling your cash value over to a new policy so that you do not have to pay taxes on it.
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With term life, you can simply quit paying on the policy to cancel it, but that is not recommended with universal life. If you set up your UL policy so that the cash value will pay your premium, your policy will not end if you quit paying the premium; it will simply drag out until the cash value is used up. Rather, call your agent or the insurance company to get your options, which could include rolling your cash value over to a new policy so that you do not have to pay taxes on it.