Keep whole life insurance policies or surrender them?

Hey everyone,

My mother(F56) has two whole life insurance polices that she bought in 2011 and 2017. She also took out two policies for me(M26) in 2011 and 2017 as well. I've been trying to convince her to drop her 2011 policy and my 2017 policy and take the cash value and invest it in something else.

Is is it more prudent to drop her 2011 policy and my 2017 policy and invest the cash value in something or keeping the polices?

Should we drop all four? She is unlikely to do this but I just want to know for myself if this makes sense financially.

Mom's Policies

Year Monthly Premium Net Death Benefit Premium Offset Year Net Cash Value Total $ spent on Premiums till now Total $ spent from now to premium offset year 2011 $178 $100,000 2033 $16,000 $25,632 $21,369 2017 $212 $100,000 2031 $9,000 $15,264 $20,409

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My Polices

Year Monthly Premium Net Death Benefit Premium Offset Year Net Cash Value Total $ spent on Premiums till now Total $ spent from now to premium offset year 2011 $97 $172,000 2033 $11,500 $13,968 $11,700 2017 $219 $350,000 2038 $7,100 $15,768 $39,443 submitted by /u/zero_origins
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