Can Term Life Insurance Have Cash Value? 
Term life insurance does not have cash value , but if you purchase ROP -LRB- Return of Premium -RRB- Term , you will get cash back at the end of the term . ROP Term pays back a percent of what you paid in if you would cancel your policy at some point -LRB- you usually have to keep the policy at least half of the term to get anything back -RRB- . That amount increases , so that you would get a full refund of your premiums if you kept the policy until the term ended . 