I may have to call my insurance agent and see if my term life insurance policy can be cancelled. I just found out that I lost my job and am only going to be getting a severance package of six months. I have heard of other agents being out of work for the past year and not able to find a job, so I think that I am going to start having to plan for the worst and hope for the best.

I have had my term life insurance policy for the past ten years, and have never been late on a payment. I have two other policies also, both of them are no medical exam life insurance policies and they are for smaller amounts. I got the term life insurance policy when I bought my last house, but since I most likely will be putting it on the market; I will not need the bigger policy that was meant to pay off the house, if something would happen to me.

I know that by keeping the no medical exam life insurance policies, I will have enough coverage, as long as the house sells very quickly. I can always go back and get a new term life insurance policy when and if I find a new job.