Whole life policies cash out? [View all]

[GoneOffShore]

So, here's the situation:

We've got a total of five whole life policies, only two of which we are paying premiums on. They all have investment components, but not generating a lot of interest.

Our financial situation with other investments means that life insurance, at this point, just doesn't make sense.

Our financial advisor, who sold us the policies years ago, is saying, 'Oh, no. You don't want to cash them in. What if one of you dies and you need the money?' The thing is, if one of us dies, the other actually won't need the money.

BTW - we're in France, and covered by the French health system, so we can take that out of the equation.

Thanks for any thoughts!