Does Term Life Insurance Build Cash Value? 
No , term life insurance does not build cash value . The idea of term insurance is to get the most `` bang for your buck '' meaning your getting a lot of coverage for a low rate , because the premiums are only fixed and guaranteed for a specific number of years -LRB- e.g. 10 , 15 , 20 , 25 , or 30 years -RRB- . Only permanent insurance -LRB- universal life and whole life -RRB- programs build cash value . Please feel free to send me a private message if you would like assistance with your life insurance program . 