Can Term Life Insurance Have Cash Value? 
Cash Value is a quality associated with Whole Life Insurance . Term Life Insurance does not accumulate cash value . It provides only temporary life insurance for the period of the term . If you wish to build up cash value , you will need to obtain Whole Life Insurance . Whole Life Insurance keeps the same premium all of your life , while increasing the death benefit and accumulating cash value . This is the reason that Whole Life Insurance can actually end up saving money in the long run . If you want only temporary life insurance though , term life insurance can be cheaper at the start , until the premiums start increasing or you are left with no life insurance . Gary Lane , Registered Representative , New York Life , 949 797 2424 . Thank you . 