Update - Turns out that my monthly $150 payment for my insurance plan was due on the 10th, same day when all this was unfolding! That didn't give me much time to think about it. I made my decision much quicker than I would have otherwise done and called to cancel right away. I was able to put stop the payment which means my total investment was $600 rather than $750. I spoke to a representative and I was surprised by how easy it was to cancel (Made sure to avoid calling the friendly sales guy). The surrender value is $0 of course so I will simply stop making the premium payments and they will deduct it from my investment every month.
I am now going to take time to do my research before buying/investing in anything that I don't fully understand!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!