And put it towards cc bills? I have a term life policy for $200K already, but my dad turned over a small policy he took out on me years ago. It's has a death benefit of only $11K and a cash worth of about $2K. It seems to me that it will be forever until it is worth much and I already have the other policy for $200K. So, should I just cash this one out and put it towards bills? Isn't that what the "cash worth" means? Is there some reason I should hold onto it? It only costs me $45 per year to keep.