Whole life insurance policies may not be the optimal way to protect against risks. What should you do if you have a whole life insurance policy that you’ve paid on for years? Cancel it or keep paying it?

Want to know what to do with your next dollar? You need this free download: the Financial Order of Operations. It’s our nine tried-and-true steps that will help you secure your financial future.

How do you evaluate whether or not to keep a whole life policy, one that you may have held for decades? Does it always make sense to get rid of it or are there other factors to consider? For more information, check out our free resources.