Life Insurance Policy Coming to Terms

@RichardJ886161 You need to assess your need(s) for life insurance (LI) in the future. Did you obtain LI to cover a remaining mortgage in the event of an early death? Was it needed to replace income if you died early? And so on. That 20 year term policy purchased 18 years ago was low cost. Perhaps you paid about $0.20 per $1,000 per month. So, a $100,000 policy cost only $240 per year. Why? Your probability of expiring was very low, perhaps 1 to 2%. Today, it is greater. So, your premium will be greater if you can continue that policy beyond the 20 year term. The premium will continue to increase as you age because the probability of death increases with age. Because you know your health status, you may have an advantage being already insurable. All you have to do is pay the premium. However, if you no longer need LI, you should review selling the policy or just stop paying the premium. If you need LI and are working with a knowledgeable agent, have that agent develop a solution. If you bought the LI from the internet, good luck.