Should I Replace this Policy?

80 year old male has a $25,000 term policy that is costing him over $500 monthly. After the initial guarantee period it became an ART. He got a pacemaker in 2015. Takes a few drugs with the one causing concern being Eliquis. He is not a diabetic. Aetna said they would consider him level at about $360 monthly. I just am afraid if he dies before year 2 I would have been better off leaving it alone.
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