Term life coverage is temporary life insurance that provides a death benefit should the insured person pass away during the policy term, while the life insurance policy is "In Force."
Only permanent or whole life insurance policies build cash value inside the policy over time.
This is a part of the reason that permanent life insurance costs more than term life plans.
If you need life insurance at the lowest cost, lasting for a period of 30 years or less, term life is a good option.
However, term insurance does not have any cash value. To learn more, visit www.term-life-online.com/term-life-insurance-does-it-have-cash-value.html