In my earlier article ( here ), I mentioned a return policy that refunded a sizable amount of money after more than 27 years. This cash has become handy now as I can deploy it as part of my overall passive income or for emergency needs. Additionally, the insurance element was minimal, and surrendering it has reduced my monthly payment outflow. Portfolio Growth Over the next 10 years, I aim to see growth in my equity portfolio, which primarily focuses on dividends. As I approached age 55, one of my key concerns that could derail this plan—aside from investment risks—is my health that requires substantial money. While I currently do not have any significant health issues I need insurance to manage this risk. Unforeseen events such as death could still impact my family's financial stability. However, this would not place a heavy burden on my net worth. Term Insurance ( No Saving Element ) Since my children are still young...