If you have a Permanent life insurance policy that is is paid up, has cash value that continues to grow, and you don't need the money now, you should probably keep it until death. If your policy is not building up as much cash value as you had hoped, you could review it with a trusted agent to see if there are better options, and get a projection of values of the policy so that you can make an educated decision.
If Term insurance, you should keep it as long as you need it, or until the term ends. It is expensive to keep Term insurance past the date of the term's end. So if you still need coverage at that time, either convert your policy to Permanent, or purchase a new Term policy before it reaches that point of exorbitant premiums.
.JPG){kind=avatar}
If Term insurance, you should keep it as long as you need it, or until the term ends. It is expensive to keep Term insurance past the date of the term's end. So if you still need coverage at that time, either convert your policy to Permanent, or purchase a new Term policy before it reaches that point of exorbitant premiums.