Looks like you are making some good adjustments. As for life insurance, determine what your dependents need to maintain their lifestyle and buy only as much as is needed to do that. $500k would get them about
$25k for life.
I think your main priority should be to get an emergency fund in place, then hit the debts really hard. IMO you want to avoid debt at all costs. Note that there are a few times when I don't consider borrowing to be debt, but rather an investment...the most common is student loans. However, in terms of what you've shown, get rid of that credit card debt, and that car debt.
I must admit I borrow for cars, but typically on 2-year loans and only if I can get an incentive rate such as 0% (got that on my Honda CRV) or 1.9% (got that on my wife's Mazda 3). I always have the money to pay cash for my cars...but I will borrow if I can earn more on the money elsewhere. I follow the Dave Ramsey school in this regard.