What's My Life Insurance Policy Worth? 
What is your life insurance policy worth ? If you have Term life insurance , it will only pay out the death benefit if you pass , so it does not have a cash value while you are alive . If you own Return of Premium Term life insurance , you may be able to get back some of what you paid in , if you kept it long enough . If you have Whole Life or Universal Life with a cash value , it is worth to you now the amount of the surrender value . If you surrendered it , you would get that cash value . You can determine the current value by requesting an in force illustration from your agent of the company through which the policy was purchased . 