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I finally got around to reading all of the insurance tips, and I want to make sure I understood all of that.

Here's the situation. My parents purchased life insurance for me about 20 years ago, (around the time I was 4 or 5). It currently has a small (< $5000) cash value. I took over ownership of the policy about a year or two ago.

My employer provides a life insurance policy equal to 1x my yearly salary, and also both short and long term disability insurance. (Small software company, about 100 employees, but darn good benefits.) I intend to stick around.

I have no dependants, I'm single and have very little debt, (that'll be paid off in the next 8 months.)

If I read it right, the Foolish thing to do would be to cash in that insurance policy; pay off the debt a bit faster and start investing.

Did I get that right? Anything I'm missing?

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