Keep or cancel whole life insurance?
My wife's mother started her with whole life insurance when she was a baby. She paid it for about 25 years then stopped paying for the last 3 years. Basic coverage is $32,000. Additional coverage purchased with dividends is $24,000 (has been declining last 3 years). Cash value is $7,000. There's a yearly "dividend" of approximately $100. The plan is with London Life.