Many permanent life insurance policies also build up cash value over time. (nylaarp.com)
Term life provides a death benefit for a specific period of time and does not build up any cash value inside the life insurance policy. (term-life-online.com)
Some permanent life insurance products cost significantly more than a guaranteed universal life policy, because a good amount of the premium is going towards building up cash value in the policy. (over50lifeinsure.com)