Term life insurance policies typically do not have a cash surrender value. Unlike permanent life insurance policies, which can accumulate cash value over time, term life insurance is designed to provide coverage for a specific term, such as 10, 20, or 30 years. Term life insurance policies do not build cash value. If the policyholder outlives the term of the policy, the coverage ends and there is no cash value available. However, some term life insurance policies may offer a return of premium (ROP) rider. With an ROP rider, if the policyholder outlives the term of the policy, they may be eligible to receive a refund of the premiums paid, minus any fees or charges. It's important to note that an ROP rider typically increases the cost of the policy. If you are looking for a life insurance policy with a cash value component, you may want to consider permanent life insurance options such as whole life or universal life insurance. These types of policies can provide both a death benefit and a cash value component that can grow over time. It's always a good idea to consult with a licensed insurance professional to determine the best type of life insurance policy for your specific needs and financial goals.