Originally Posted by mickeyd
Easy one. Cash those policies in if you can get a better return on the CV elsewhere or need the cash..
Before you act, figure out what your return is on each of the policies ignoring the mortality benefit. As an example, I have a WL policy written on me in 1977 that is currently providing a return of 5.8% (IRR based on the increase in CSV and gross premiums paid).
IMO, a 5.8% rate of return on an A-rated investment is worth keeping, not to mention the mortality benefits to my heirs if something happens to me.
If the rate of return is lower than you think appropriate, then cash them in.