Can You Get Cash From A Term Life Insurance Policy? 
Term life insurance does not have cash value , and therefore there is no cash to take out of it . If you buy ROP -LRB- return of premium -RRB- term life insurance , it will pay back all you paid in if you are alive at the end of the term . Many term life insurance policies offer a free terminal illness rider that will allow you to take half the death benefit in cash if you are diagnosed with a terminal illness . And several term policies will allow you to use the death benefit as cash if you are diagnosed with certain critical illness , or are unable to perform two or more ADL 's . 