<prompt> Human: Heres my situation:85k salary15k rental income365k house165k investmentscash-205k mortgage 3.25 interestI dont have a spouse or kids. I have a serious gf, but she doesnt need the money.My work has a subsidized life insurance plan that costs 270year for 140k in life insurance. Right now I have my beneficiary set as my nephew hes 2.  <response>: I dont have a spouse or kids.No. You dont need this life insurance. You have no one to provide income for if you were to die. 