I have a similar policy originally bought for the same reason. Though I do think all insurance is essentially a bet against yourself, I will keep mine as it does statistically increase in value as the chance of dying increases with age. The only way I would stop mine would be in case of financial hardship. If you are more than halfway through the term then you are better off keeping it in my opinion. P.S.- getting term life after 50 becomes very expensive for say a 20 year policy.