Do not be intimidated in asking the question. Further you need to review your insurance needs every year, at every major change in life such as marriage, change in job, children, divorce, major purchase, major sickness in the family and death in family. Your needs are different at different stages of life, so you must review them and change the insurance. You do not need to buy the insurance for life. Buy what you need not what someone says you need.
Insurance is a protection against loss.
So if you can afford the loss, don't pay for the protection. Use your savings to pay for your losses if it ever occurs. Meanwhile, invest your savings. You will be surprised, how the accumulated savings will be more than enough for losses. That is how big guys do.