1. 47 POINTS
    Kevin Haney
    A.S.K. Benefit Solutions, New Jersey
    Is this a trick question? Term life insurance does not have cash value. Term policies pay a death benefit when the insured passes away while the policy is in force. You can't cash in the policy and get your money back, or get a policy loan. 

    Whole life and universal life are examples of permanent coverage that has cash value. Your monthly premiums are often much higher to fund the cash accumulation.
    Answered on July 9, 2014
  2. 11498 POINTS
    Jason Goldenzweig
    Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
    Term life insurance does not build cash value, so the answer would always be $0.

    Only permanent life insurance policies build cash value (universal life and whole life insurance). If you have a permanent policy, you can determine the cash value in it by contacting your agent or the carrier directly. You should also be receiving an annual statement illustrating the policies current cash value.

    I hope the information is helpful - please feel free to contact me for help and if you have any other questions. Thanks very much.
    Answered on July 9, 2014
  3. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    The only type of term insurance that has a cash value is ROP Term. This stands for Return of Premium Term. About halfway through the term, it will pay back some cash if you surrender the policy. At the end of the term, it will pay back all the premiums you paid in. Keep in mind that the cash value of ROP term is not able to accessed unless you surrender the policy.
    Answered on July 9, 2014
  4. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    There are a few term policies that have cash value.  If the policy has cash value, it will be stated in the policy under “non-forfeiture” provisions.  Generally, if there is cash value it will not be very much.  Sometimes the cash value in a term policy is not available until a certain period of time has passed.
    Answered on July 9, 2014
  5. 14231 POINTS
    Tom Sheehan
    Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
    Though there are rare occasions when term Life policy will have some cash value, for the most part, they are pure death benefit policies that do not include any sort of inside cash build up as an added benefit. Cash Value is for the most part an added benefit of a permanent form of Life Insurance, and there are any numbner of varieties of these ranging from more tragitional "Whole Life" to modern versions of "Variable Life" policies. Talk to your Insurance Professional about your needs and goals in order to best determine the type of policy that works to meet your needs.
    Answered on June 6, 2016
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