I’ve saved $1M in my 401(k) and hope to retire in 5 years. Will my wife be financially protected if I cancel my life insurance?

To cancel or not to cancel?
Morningstar

I'm 51, married and pay $200 a month for a $1.5 million term life insurance policy. When should I cancel it?

At what stage should I reduce or stop paying for my term life insurance? I am a 51-year-old married man and pay about $200 per month for a $1.5 million policy offered by a private professional group.
Investopedia

Here's When You Should Consider Dumping Your Life Insurance Policy—and Pocketing the Cash

Jessica Gibson is a content update editor and writer for Investopedia. She has over 10 years of experience in digital publishing and three years of experience covering financial topics like insurance, ...
Forbes

Is Term Life Insurance Worth It? Consider These 8 Pros And Cons

Forbes contributors publish independent expert analyses and insights. True Tamplin is on a mission to bring financial literacy into schools. Life insurance is a crucial risk management tool within any ...