Welcome to the Jill on Money Podcast. It's Thursday January 14th and, uh, oh boy, I don't even know what to say. There's a lot going on in the universe. So maybe the best thing to say is to just I'm going to stick in my lane here. I'm going to answer your financial questions. We would love to hear from you about the things that you can control, you know, your financial life.

So if you have a question, shoot us a note. Ask Jill at Jill on money.com.

I am a CFP, So is Mark Tlercio, who is the best executive

producer in the universe. And so together we will put our brains together and try to

help you solve your problems.

Send us an email, let us know what's on your mind,

and if you'd like to join us on the program,

we'd love to have you.

Just let us know that as well.

Okay, so here's Adrian who writes hi Jill I

would love your advice on what to do with a whole life insurance policy that

I purchased or was pressured into purchasing years ago.

I'm 38 years old with a terrific boyfriend and no kids and no plans to have them.

Back in 2009, my friend who was trying to make it as a life insurance agent pitched me on whole life and honestly I bought it mostly so he would stop calling me about it. Oh brother

I will sell you into submission.

Okay.

11 years later and I'm just tired of paying for a policy that I don't need since no one depends on me

financially and I have termed life insurance through my job.

What are my best options to stop paying this absurd premium for something I don't need?

I am worried about tax consequences and also concerned that I'm buying too much into the sunk cost fallacy, meaning that like,

I put this much money in and so now I don't want to stop. Okay. More details. There's a death benefit of

$100,000, a yearly premium of about $730.

...