Does Term Life Insurance Have Cash Value? The Truth Every Parent Needs to Know
Description
Confused about whether term life insurance builds cash value?
You’re not alone.
Term life is designed for pure protection—so knowing what you do (and don’t) get keeps you from overpaying.
In this episode of Your Path to Prosperity, we explain exactly how term life works and when money might come back to you.
Tune in to learn:
Why standard term has no cash value—your premium buys coverage for a set term; unused premiums aren’t refunded
When money can return—via optional Return of Premium (ROP) riders (higher cost, refund if you outlive the term)
How to get cash value later—use conversion options to switch to permanent life (often no new medical exam, higher premiums)
Insider tips—don’t treat term as a savings plan; compare ROP vs. investing the difference, and note conversion deadlines
Because buying protection should be clear, affordable, and aligned with your goals.
Want More Info? Read (or listen to) the full article:
https://wealthopedia.com/insurance/life-insurance/does-term-life-have-cash-value/
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