On the other hand, disability and long-term care insurance might make sense for you. For most people, their earning power is their most valuable asset, and if for some reason, you could not do your job, how would you live? Even short-term disability could be devastating; imagine, for example, that an accident or illness prevented you from working for three months. Would you be able to pay your bills?
Your employer may offer disability insurance at a reasonable cost. Or you can shop around for an individual policy and more customized coverage. For example, look into an "own occupation" policy that covers you for your specific job. If you're a physical therapist, for example, and can't do that kind of work, you would still collect benefits and not be forced into taking just any job.
Long-term care insurance is designed to pay for help with the activities of daily living, if you've suffered a stroke or other debilitating illness or accident. In-home care can be expensive, sometimes ruinously so, and the fact is that most people over the age of 65 will need some type of LTC insurance at some point in their lives. The features, benefits and costs of LTC insurance vary widely, so you'll definitely want to shop around. But it's cheaper when you're young, so now might be a good time to look into it.
Insurance is an important part of virtually everyone's personal financial strategy, but you should always weigh the costs against the benefits. In your case, obviously, the cost of your life insurance is the premium, and the benefit is .... well, what? To make your estate bigger? For the benefit of whom? If you don't have a solid justification, it's time to think about terminating the policy. Thanks for the question, and good luck!