Can You Withdraw Money From A Term Life Insurance Policy? 
No , term insurance does not have any cash value . I compare it to renting , the premium is pure cost . A whole Life policy cost more per month , but it builds equity in the form of cash value . Deducting the accumulated cash value from the total premiums paid helps show the true cost of whole life insurance , which will be much less than term after 20 or 30 years . 