Though we typically advise against whole life policies because of slow growth rates and loaded front fees, policies that have been held for many years are already paid into. Leaving it alone, like the others have suggested it, is the wisest option. You'll never know when you'll need it, especially since term life insurance is temporary. On the side, your mention about term life through work may be a bad idea to rely on wholly and solely. It doesn't follow you if you quit, get laid off or fired. You would have to convert to an expensive whole life policy (depending on whether this is offered by the carrier your employer chooses) at this point. Look up an aggregator website for quotes; for details click here [MOD EDIT: POTENTIAL SPAM LINK REMOVED], if you are in great health, you're likely to qualify for even better rates than what's offered at work.
Pat Cassidy
Disclaimer: I work for AccuQuote and this is my personal opinion.