Would you cancel an insurance policy if the premiums became too expensive, even after paying for several years?

Hi Shirley, advisor here. I think before cancelling, it might be worth reviewing whether the policy can be adjusted to make the premiums more manageable while keeping the important coverage. Sometimes there may be more affordable options depending on the type of policy and your current needs.

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Out of curiosity, is the premium getting too expensive because of age-related increases, or has it become harder to fit into your monthly budget? The approach might be quite different depending on the situation.

After several years, you should build sufficient huge portfolio to withstand financial shock.

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Insurance transit from must have to good to have. If too expensive just cancel.