Does A Term Life Insurance Have A Cash Surrender Value? 
No , Term life insurance does not usually have a cash surrender value . Term insurance buys pure protection rather than building up a cash value , and that is why the costs of Term life insurance is usually lower than policies that have cash value . Return of Premium -LRB- ROP -RRB- Term is one type of Term that could have a cash surrender value if you kept the policy long enough . 