Does Term Life Insurance Have A Cash Value? 
No , Term Life Insurance does not have a cash value . It 's relatively inexpensive price is due to it 's being pure life insurance protection , without any of the premium going to the accumulation of cash value . Return of Premium -LRB- ROP -RRB- Term Life Insurance does pay back the premiums paid in , if the policy is retained to the end of the term , and if the insured person is still alive at that time . 