<prompt> Human: My parents bought a whole life insurance policy when I was born and transferred it to me a while back. I have been paying the premiums but I recently read a few posts here about how it may not be worth it. Here is the info I have on the policy, I would appreciate your input. Thank you.25,000 whole life policy with Security Benefit Life Insurance with options every 5 years to increase coverage 10k I believe.Premiums: 8.50monthCurrent policy value if I cash out: 850Reduced paid-up insurance whatever that means: 13,000 I am 28, married, 1 child, and I have sufficient term life insurance through my employer. I have a pre-existing condition that might make it hard to get life insurance later on, but it shouldnt affect my lifespan.  <response>: So youre paying 102 a year for a 25K policy.In good health at your age, you could get a 1MM 20 year level term policy for maybe 500 a year. The pre-existing condition makes it more difficult, but not impossible.I am not a big fan of employer provided life insurance. Sure, its fine if you get hit by a bus on your way home, but what happens if you get sick and have to leave your job? Now youve got no insurance. And if youre sick enough to not be able to work, at that point you are going to have a harder time getting insurance.I dont know your situation, but I would at least check out other options. 