Can A Term Life Insurance Policy Have A Cash Value? 
Term insurance is pure level protection offered for 10 , 15.20 , or 30 years and carries no cash value build up in it . This type of coverage is much more affordable and because it is much cheaper than traditional cash value insurance the policyholder can be covered by the right amount of protection at the time in life that it is needed the most , the early years . Savings should always be separated from the life insurance and should include 401ks , IRAs , and mutual funds . Only buy term insurance and save the difference outside the policy and this growth in assests will eventually eliminate the need for life insurance all together in the later years . 