Different contributor here. Please permit me to assist.
A life insurance policy is the property of the bankruptcy estate. However, under TX law, life insurance cash surrender value is exempt. So, even if you did not list the life insurance in your bankruptcy, if you are the sole owner of the policy, and you have the right to surrender it to the insurer for cash, then that's your money.
Now, if the SBA is named as an owner of the policy, then the SBA has a right to a share of the cash value, and this has nothing to do with your discharged debt.
So, in the first case, you can get your money without the SBA's consent. And, if it's the second case, you'll have to split the money.
Note: I'm basing my answer here on very limited info provided by you in this Q&A. I can't be absolutely definitive without reviewing both your policy and the loan agreement (which is out of scope for this forum). This is the best I can do, given the facts available.
Hope this helps. NOTICE
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