Does Term Life Insurance Build Cash Value? 
One type of term policy that does build cash value is ROP -LRB- Return of Premium -RRB- Term . Most ROP Term policies will pay back part of the premium you pay in , if you keep the policy past the halfway mark . If you survive and keep the policy to the end of the term , you get back all the premium you paid in . These policies start out at a higher premium than regular term insurance , but when the premium is returned , it is not taxable . So return of premium term life insurance can be a good way of getting death protection and a form of savings at the same time . 