What Is Term Life Insurance With A Cash Value? 
If term life insurance has a cash value , it is possibly a universal life policy priced to provide temporary coverage for a low level premium . Some insurers have introduced `` UL Term '' . There is also a product called Return of Premium Term which is temporary term coverage that provides a cash surrender value at the end of the term period which represents a return of the term premiums paid . It used to be more popular when the rates for this niche product were a lot lower . 