What Is The Cash Surrender Value Of A Term Life Insurance Policy? 
Permanent insurance develops cash value so that the face amount of the policy will be available for as long as possible up until death . The actual cost of providing insurance on an 80 year old for example would be very high and if the person lived to 82 , it would be much higher still . A term policy doesnt cover a person at those ages under most circumstances and as a result there isnt any need for it to develop cash value . 