Is There A Cash Value On Term Life Insurance? 
Do term life insurance policies have a cash surrender value ? Usually they do not . Cash value is essentially needed in a policy to keep the premium level . You pay more in early years and some of the premium is left after covering the risk for the year and it grows the amount at risk to the insurance company decreases . Might be easier to understand the concept using a $ 100.000 non-participating level premium whole life . The cost of insurance at age 40 is much less than at age 85 . You pay a level premium and there is a build up of guaranteed cash that grows at a guaranteed interest rate inside the policy . If you were to die at age 85 , you beneficiary receives the $ 100,000 face amount of the policy . The cash value build up is not paid separately , but is part of the death benefit . Most term policies are as the name suggest are for a specified term . The cash value is theoretically there to keep the premium level , but there is no cash surrender value . Some policies with a longer term for example 30 year term policies do have cash surrender values . These are just general guidelines and you would need to check the policy wordings to be sure . Working with an independent insurance broker , you should be able to find the right policy at the right price . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . 