<prompt> Human: I am single and have no kids or wife. I have A policy from State Farm which is a select term basic plan the plan amount is for 100,000.00. I also have a whole life plan from American income life the face amount is 30,786.00. I have had the whole life plan since 2007 and I pay around 40 dollars a month. I was thinking about canceling my whole life plan and just keeping my term life plan. What do you think ? My income is a round 35 thousand a year  <response>: Why do you think you need it if you have no dependents? It seems like youre just throwing your money away. 