What Is The Cash Surrender Value Of A Term Life Insurance Policy? 
In Canada , most term life insurance policies do not have a cash surrender value . Some policies notably policies with such as 20 or 30 year term may have a cash surrender value or reduced paid up value . Typically 5 and 10 year renewable term policies usually do not have any cash surrender or paid up value . The mechanics of this are that in order to keep the premium level you are paying more than the actual `` risk '' in the early years and the additional premium is used to keep the `` risk '' to the insurance company level . If the longer term policies offer anything they are more likely to offer a paid up value than a cash value . Check your policy or check with your insurance broker to be certain . If you have further questions , please do not hesitate to contact me or visit my website JPW.ca for information . 