<prompt> Human: Hi PF,Trying to figure out if I should cancel my life insurance or maintain it. I had some nice family members purchase me a juvenile life policy when I was a baby with a value of 15,000. I became a Type I diabetic at age 9, so the family kept my policy while canceling my siblings so I had a safety net for my family down the road.Im 33 now, almost 34 and Ive continued to keep my juvenile policy. The policy has some nice riders, in that I can add 20k increments every 3 years up until 40. Currently I have 75k in life insurance. However, because this is whole and not term, Im paying over 90 each month for the privilege of this insurance.At what point do I say I dont need it? I do have a family, and there is a mortgage on our house. However, my wifes salary can get her and my son by if I were to die. She nets around 2900 and our house payment with HOA is about 1450. I also have around 50k in my 401k and a pension valued at 50k that Im hoping to roll into my 401k when my job ends. Any recommendations? Should I cancel the insurance and save the 90 monthly? Should I keep it until I hit a certain net worth? Would love any input.Thank you!  <response>: I say keep it. If you let it go youll never be able to buy life insurance again for a reasonable price with type 1 diabetes. 