If i have a Whole Life plan now, should i cancel the plan and change to a term plan?

Whole life is required if you need permanent coverage for life. Some people argue that insurance coverage is not required for life, which I disagree. Most whole life plan comes with CI accelerator rider to cover CI for life, which is very useful when a person become older. Of course, if you can become a rich multi-millionaire when you are old, then you probably don't need the insurance. But you might not be rich when you are old.

If you have paid a substantial amount, please maintain as if you choose to surrender, the charges tend not to be worth it