re: My Whole Life Ins. situation and advice request

Yep, I agree it's a really bad idea for most to buy whole life...it definitely stings if I think about "what if's".

I have ~2.5 million in term already and I feel that is way more than enough for our family. I'm mainly asking if there's anyone who thinks ending the policy now after I've already paid that huge amount into it is a bad idea.

From my perspective it seems like I'd be eliminating both a high interest loan as well as a poor financial decision. I'm 45, so if I keep the policy I'll continue to pay $750/month into it, but if I end the policy I could transfer those payments PLUS the $2000/month loan payments into something else. Hindsight is 20/20, but I'm looking at another 15-25 years of work most likely and I'd like to maximize that saving/investing window.

And to your question, it's Guardian insurance (both the whole life and the term, and the disability)

Actual #'s after just looking again: $705/month premium, $115,000 cash value, $810,000 death benefit