Does Term Life Insurance Have A Cash Value? 
Term Life is a non-cash value life insurance plan that can be used very effectively for financial planning matching the policy to 10 year objectives , 20 year objectives , or 30 year objectives . When term life was first introduced it was justified by `` buy term and invest the difference '' . In other words save money by buying term and then select an aggressive growth mutual fund or if you prefer a savings account and when the term has expired for the purpose of the `` term life policy '' you do not want to have to buy term again because now you will be 10 , 20 , or 30 years older and since buying life insurance is a factor of what is the liklihood of your deatn I am sure you understand the older we get the higher the risk of our death 