I'd guess on medical, yeah. And the older I get, life insurance is more expensive, but my 20 year term couldn't have been worth that much to a company...? I pay let's say $700/year for 20 years for a $1m policy. It seemed reasonable at the time - we didn't have close to $1m, and for the $14k over 20 years, it seemed like a reasonable move. The $14k/invested over those 20 years, in 'big winners', might get them to $1m, but likely not. A 7% return would get them to ~ $50k in value, assuming they had it all up front, which they don't. But I guess the chances of me dying in those 20 years was statistically low enough that they made that bet.