How Much Is A Life Insurance Policy Worth? 
If are the insured person on a Term Life insurance policy , it is only worth something if you pass away . Then the face amount of the policy will be paid to your beneficiary . If you own a Whole Life or Universal Life policy , the proceeds will be paid to your beneficiary if the insured person passes away . But there is also a cash value component to these policies . If you cashed your policy in before death , the surrender value -LRB- cash accumulation minus surrender charge and fees -RRB- would be the worth of your policy to you . 