Am I paying too much insurance premiums?

I believed you had your answers but I would like to offer a different opinion.

This is what I believe:

1. Coverage - how much do you think you want from the insurer? And how Long should they be able to last you or your family in the event of misfortune?
2. Premium affordability - are you comfortable in the amount because it is important that premiums are within comfortable budget to ensure that your policy stays in force.
3. Life with CI - frankly, any policy with CI coverage will cost more but I believe it is an important coverage thus leading to
4. Priorities and importance/concerns - budget allocation

I have to agree with Mr Chang...there are many different factors affecting a decision on suitability and different products that can be mixed and matched to try achieve what you require, within your comfortable budget. Think of it like a Set Meal vs Ala-carte.

It will be best to talk to your Financial Consultant or have another to review and have the discussion together.

Actions brings about Reactions/Consequences.

Knowledge increases your choices and thus deciding on an action with a reaction you are comfortable to bear.

As Hariz mentioned, u should look at coverage instead.

But since it's only been 1 year since u have purchased, it is not too late to review. You can reconsider if u really need a whole life(i assume is) insurance (u also didnt mention the coverage). You could have gotten a term life with CI instead. The rest of the money u can invest through any instruments.

The $1mio term life: You could add ci coverage to this so that u could do without your other whole life. Or if u want additional $1mil coverage, maybe look for cheaper plans in the market. $1mil coverage can be gotten for just $492/yr (assuming u are a male).

There will be more details we need to look at. Only when u can see alternatives, then u can compare and decise whether u are paying more than u should be getting instead.

Do add me or any other experts here on facebook to discuss in detail.