What Is My Life Insurance Worth? 
Your life insurance value depends on which life insurance you purchased . If you own a term policy is has no cash value , but it does have a death benefit to your named beneficiary upon your death and your coverage is still in force . If you purchased a cash value permanent policy it has a death benefit the same as the term policy but also a cash value . First look at the type of policy term , whole , universal , mortgage , etc. . If it is a cash value plan , look inside the policy for the illustrations pages within the first 10 or 12 pages . There will be a corresponding value based on the year the policy is in force . Most cash value policies do require payments of up to 7 years before a cash value is established to purchase the death benefit . 