Can Term Life Insurance Be Cashed In? 
That is a great question ! I would love to tell you that your term policy can be cashed in , but because of the way your policy is structured , there is no cash in it to receive . Term policies are as cheap as they are because the premium that you pay is designed to only cover the cost of the insurance , and nothing else . Whole life policies include a cash value aspect , and that is part of the reason they are more expensive . I hope that helps , thanks for asking ! 