<prompt> Human: 10 years ago we goofed and switched from whole life to term inusrance primerica. Shes paying 265mo for 600,000 coverage.The policy expiry is coming up in the next 2 months. I just got this letter in the mail which tells me I have a few options if she doesnt want to have another medical exam. So the premium right now is 265mo. If she continues with this plan then after 2 months the premiums are going to bump to 627mo. Yikes! Then they have this thing called custom exchange option. The new premium 588 is schedule to remain level for the duration of the plan. The coverage will remain level for 10 years but will decrease every year until the age 100. Wtf why is the premium lower and this decrease coverage stuff? Option 3 is to decrease death benefit amount and thus have premium decrease.Shes in her 60s and this is her second time having cancer so Im sure shes never getting approved for insurance again. My brain hurts and I feel like an asshole thinking about this. Perhaps its something to do with betting against her living or not. They initially gave her 8 mo to live but then bumped that to 4-5 years. Her oncologist is optimistic since the cancer hasnt gotten worse or better for the last 1.5 years. Hopefully this is a good sign and she begins improving. If Im optimistic about her health then getting insurance is pointless right? I feel like Im over complicating it because of the sunk cost fallacy.So the question is does it make financial sense to continue with life insurance?I feel like this Im buying options with month to month payments 600 x 12 x 10 years 72,000... in one scenario I lose 72K on the other I get 600K minus 72K. Im leaning towards cancelling since I could just save those premiums and be up 72K without any risk.Some more info: Im the only beneficiary. Im set to inherit the house 1mill value nearly paid off, although theres a 300K lien from a conman thatll make selling it pain I would love for some advice on dealing with this. I have 180K in cash lying in various bank accounts, although most of it is stuck in corporations that Im withdrawing from slowly advice from accountant. Maybe I should invest? lol Im not working aside from gigsvolunteering due to physical and mental issues and also being her caretaker. We both live in the house. We have basement tenants. At peak capacity we could take in 3 more roommates but mom aint down for that anymore. If she died Id prefer to keep the house rather than sell it. Since theres no more mortgage I might barely break even although emergency expenses would put it back in the red.Anyways I appreciate anyone taking the time to read this.Tl;dr - mom gets cancer, term life expiring, given options by insurer which seem like ballz, cant think rationally so hoping to get some outside input  <response>: It sounds like, as the potential beneficiary, you are already in good financial shape and dont fit the profile of a typical dependent, or if youre even dependent at all. With no dependency, why the need for insurance at all? 