No, Term Life Insurance does not have a cash surrender value, in most cases. Term insurance has a low cost up front because it does not have a cash value accumulation. ROP (Return Of Premium) Term costs more than regular Term Life Insurance, but does return the premiums paid in at the end of the Term if the Insured is still alive.
Term life insurance is not designed to have a cash surrender value, however you may find a cash surrender value quoted on some term life insurance policies. This cash value is generally a return of unearned premium.
Premiums on a life insurance contract can only be booked as as earned by the insurance company on a monthly basis, so if you pay your premiums for a period less frequently than this (e.g. annually) the insurer will refund the unearned premium if you surrender the policy.
Outside of this, no term life insurance will not have a cash surrender value.
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Premiums on a life insurance contract can only be booked as as earned by the insurance company on a monthly basis, so if you pay your premiums for a period less frequently than this (e.g. annually) the insurer will refund the unearned premium if you surrender the policy.
Outside of this, no term life insurance will not have a cash surrender value.