I’m 51, married and pay $200 a month for a $1.5 million term life insurance policy. When should I cancel it?

“I also have $500,000 in term life insurance from my employer.” (Photo subject is a model.) - Getty Images/iStockphoto Dear Quentin, At what stage should I reduce or stop paying for my term life insurance? I am a 51-year-old married man and pay about $200 per month for a $1.5 million policy offered by a private professional group. I also have $500,000 in term life insurance from my employer. I am five years from financial independence. Many thanks. Married & Solvent Most Read from MarketWatch Don’t mis ...