She’s 39… still paying this policy

Video transcript:

My client is 39 and still paying for a whole life insurance policy her parents bought when she was 12.

She wasn’t even sure what it covered—just that it had a cash value and she didn’t want to make a mistake by canceling it.

So here’s what we did: We looked at the policy together—how much she was paying, what the death benefit was, how much cash value had built up, and what other coverage she had in place now.

Turns out, she’s got a solid term life policy through work, and no one relies on her income right now. That whole life policy was costing her more than it was helping her.

So, we talked through the pros and cons, and she decided to stop the premiums and redirect that money toward her Roth IRA.

If you’re holding onto something just because it’s been there forever—an old policy, an account, a habit—let’s talk.

You might be able to put that money to better use.