Does Term Life Insurance Have Any Cash Value?

Comments

2 responses to “Does Term Life Insurance Have Any Cash Value?”

1. 

   October 23, 2014

   Karl Renwanz

   Term life insurance does not have any cash value. However, on some term policies, you can add a rider that could return all of your premium. By adding what is called a “Return of Premium” rider, if you outlive the term of your policy you will get your entire premium returned. A Return of Premium policy costs considerably more but if you outlive the policy, you get your premium back and you had the death benefit for the duration of the policy.
2. 

   October 21, 2014

   Peggy Mace

   No, Term Life Insurance does not have any cash value. It is considered pure death protection, in that its only function it to pay the death benefit if the insured person dies. It is not designed to borrow from, and if you surrendered a Term life insurance policy, there would be no cash paid back to you.