Does Term Life Insurance Have A Cash Surrender Value? 
Term life insurance is not designed to have a cash surrender value , however you may find a cash surrender value quoted on some term life insurance policies . This cash value is generally a return of unearned premium . Premiums on a life insurance contract can only be booked as as earned by the insurance company on a monthly basis , so if you pay your premiums for a period less frequently than this -LRB- e.g. annually -RRB- the insurer will refund the unearned premium if you surrender the policy . Outside of this , no term life insurance will not have a cash surrender value . 