Does Term Life Insurance Have A Cash Value? 
Term does not have cash value . It is meant as temporary insurance , until someone can get whole life insurance , which does have a cash value it builds up daily . New York Life has several Term policies which can easily be converted to whole life without a medical exam . It is a financial tool . If you are very limited now in cash , New York Life reduced some of it 's Term policies by 30 % this month . Please call me and we can together discuss what makes the most sense for you personally . 