We cashed out a variable life insurance policy. Still a little mad at myself that we even had a variable life insurance policy. We used every dime of this $50,000.00 face value policy (read: we received a little over $400.00). We used part of the $50.00 per month premium to fund an $18 per month premium for term insurance and got about five times the death benefit and some extra monthly funds to use for Dragon slaying. Avoid whole life, variable life, and universal life insurance as investment vehicles. Cash them out. When we cashed out the variable policy, we gained momentum and slightly increased our anti-Dragon arsenal. We’ve known a couple of families who had a large enough cash value in life insurance that they almost entirely funded their DSJ. These families were wise. Run the math on this. There is no sense in having a large cash value held up in life insurance while you are deep in consumer debt.