I wouldn’t cancel my Term Life Insurance. That’s the whole point of insurance, if shit hits the fan, you don’t have to worry. The point of life insurance is for your family to not have to worry about money if something happens to you. I rather that I never collect on my life insurance, like all other insurance. I feel it’s chump change for a peace of mind, kind of like other insurance, especially umbrella insurance. I would cut going out to fancy dinner once a month before I cut my life insurance.
