<prompt> Human: I was contacted by my parents today and they apparently have a whole life policy on myself since birth. Its now up for renewal and they are asking what I would like to do where if I choose to renew it, Ill be responsible for the yearly fee.Im currently 28, healthy, male, no kids, not married, limited debt, and a decent savings. The only thing Im concerned about is a preexisting condition cancer that has been in remission for 15 years. Following Dave Ramseys advice, life insurance is not a good investment and Im incurred to agree. The policy is 80 a year for 10,000.  <response>: Cash it out. Put it into an index fund. 