Does my Mortgage Life Insurance policy have any investment value?
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No. Mortgage Life Insurance is just like car or house insurance - when the policy ends the policy is worthless - it has no investment value whatsoever.
The only time a life insurance policy has any value is when you make a claim.
If you want a life policy that does have an investment value, you need Life Assurance. Life Assurance is totally different to Life Insurance. Life Assurance combines a guaranteed minimum payout with a form of investment and, for this reason, it is more expensive than Mortgage Life Insurance.