<human>: Hello PF:

Throwaway account here. Seeking some input on what to do with my current life insurance situation.

**Details:**

-26M, not married, no dependents

-Insurance: 60% Term/40% Whole (Northwestern Mutual). Approx 7x my current salary

-Stable Employment, 1x Salary Life Insurance

I have a good friend who used to, in his words, "sling life insurance". I ended up signing up for a blended term/whole policy with him 4 years ago. I've done my research and I understand the notion of realistically not having a need for whole life insurance, especially given my situation above. The cash value of my policy is approximately 78% of what I have paid in via premiums thus far. I am trying to determine if I should get out  of my whole life policy now, then invest my premium differences or stick it out until cash value catches up with my premium contributions.

With that being said, my parents sacrificed a ton for me to put me through college without student loan debt, and I would ultimately like to repay them, so I do feel strongly about having a level of life insurance to take care of them in the event something were to happen to me.

Can you give me a shortened version of the text?
<bot>: Have whole life insurance, don't really need it. Should I stick it out in the short term until cash value catches up with premiums?