Does Term Life Insurance Have A Surrender Value? 
That is a great question ! Term life insurance policies are cheap because they have no extra 's and a definite point on the calendar where they end . Whole life policies have more moving parts , and an indefinite end point , so are more expensive . One of those moving parts is the cash value aspect . Since term policies do not have this aspect , they have no surrenderable value . The premium that you pay for your term policy pays only for the cost of your insurance . I hope that helps , thanks for asking ! 