Hi, I have to admit that I have a hard time understanding life insurance, so any responses should be ELI5. It's difficult for me to see a need for myself to have it because: I am 53, childless, have zero debt and about to get a divorce. I currently have a NW Mutual 'Adjustable Comp Life' policy with a cash value of $22,000. I do need to take on a mortgage soon and I am trying to pull together as much down payment as possible. What advice do you all have for me? This may be pertinent too; I currently own two rental properties that are paid off and intend to maintain about a year's worth of wages in liquid investments as an emergency fund. Any thoughts are appreciated. Remember ELI5!