text:  can help you better plan for the financial implications of insurance proceeds in various scenarios. And if you have any questions about your risk management, not just on the taxation, but how much life insurance do I need? Do I need any life insurance? We'll show you what this old whole life policy I've had for 26 years that I was sold when I was 22 years old. I don't even know why I have this thing. Whatever is on your mind.