Does Term Life Insurance Build Cash Value? 
That is a great question ! There is a reason why term life policies are so cheap , and a reason why you should know exactly what these policies are best designed to do . There is no cash value in a term life policy , as your premium is designed to only cover the cost of the insurance . The policy reaches its term and ends , and you walk away , or pay dearly to renew . This can be a real issue when you learn that the policies advertised so heavily by companies like AARP and AAA are term policies that end when the policy holder turns 80 . I hope that helps , thanks for asking ! 