If you have the following term and whole life plans, will you discontinue and keep only 1-2 for a single 40s with parents as dependents?

Hello Anon!

I am happy that you did some financial planning for yourself already!

However, before you surrender any policy, it is highly recommended to speak to a qualified financial advisor to assist you in the calculation of your required protection.

It ultimately goes down to your needs in your current life stage and to prepare yourself for your future life stages.

It depends on your situation and your reason for cashing out. If any, it may be the whole life plan. Has it broken even? After cashing out, do you have a plan on where you would like to allocate it towards?