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Old 08-14-2012, 03:14 PM   #41
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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!
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Old 08-14-2012, 03:18 PM   #42
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Quote:
Originally Posted by CoffeeMoney View Post
I am now going to take time to do my research before buying/investing in anything that I don't fully understand!
+1

That may have been the best $600 you ever spent.
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Old 08-14-2012, 04:10 PM   #43
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Originally Posted by REWahoo View Post
+1

That may have been the best $600 you ever spent.
+2
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Old 08-14-2012, 04:51 PM   #44
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We all have $600 lessons--some of us wish they were only $600. And that we'd learned them at your age.
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Old 08-14-2012, 08:56 PM   #45
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What a cool thread. I like this little corner of the internet a lot.
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