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I would think that once someone reach the legal age, they would be required to sign a consent to that insurance or something.
I don't really care about the insurance being in existence, as long as I'm not paying for it. And if I was to pay for it, then I should know information about it and to be able to choose my own beneficiaries.
But yes, when I told my dad to cancel it, he said he's been paying for it since we were very young but never said why or whatever to keep it.
I mean, if he can cancel it and get some money back, if it's a big chunk like close to $100,000, then I don't see why not. Is he going to keep paying until he hit the graves? *knock on wood* Is he waiting for something accidental to happen to me so we'll get some money? What is the benefit of paying this for the next, say, 10 years? I know he's not going to keep paying unless he's benefiting or will benefit from it.
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