1. The life insurance was for $500k. It’s portable policy independent of my employer. The purpose was originally to cover a $500k mortgage on a primary home that existed 12 years ago. There’s no longer a mortgage balance on that.
2. The policy is a 20 year term, finishing in 2025.
3. Employer provides a $300k life insurance policy: but that is NOT portable. I probably will stay working for another 2-3 years, maybe longer if I’m employable and feel like working.
I still think I agree with AN on keeping it. I have a habit of cheapening out on things at points I shouldn’t be, and deep down I think insurance isn’t one such area to go cheap.
