When Should I Cancel My Term Life Insurance? 
Great question ! The easy answer ? When you have a better coverage , or have filled your need . For example - you took out the term policy to cover a child 's college expenses . They finish a year early , and you no longer have that expense to worry about . Cancel it , and be thankful it served its purpose . Or you find a whole life policy that better fits your long term needs , and will provide cash and coverage regardless of future health issues . Hope that helps , if you have questions , please feel free to contact me . Thanks for asking ! 