<prompt> Human: Throwaway out of embarrassmentA financial planner reach out to me recently. Since Im in the position to restructure my finances, I accepted the meeting. I signed up for a whole life insurance policy. It was pitched as a tax-free investment vehicle for retirement; something where I pay in a few hundred thousand dollars and get a return close to a million. I didnt fully understand it, but I know I havent been doing all I could for retirement and I wanted to see what they would ask of me while I researched the offer. So I submitted myself for approval to see how much this would cost per month.Since then, Ive read some information here regarding life insurance, as well as a cursory Google search. I dont like what I found. Frankly, I feel like Ive been had and now Im stressed that I just made an expensive mistake. Im not married, I have no kids, I rent, my largest asset is a car, and Im otherwise debt free. I would hate to tank my savings and credit trying to undo this.My application is submitted but its still processing, so I have not paid a dime into this account yet. Is there a way I can cancel my application? Should I wait until I hear back first? I dont have a direct line to the insurer; only through the financial planner.As for the financial planner, they are an acquaintance. I was upfront that if they have fees, I wouldnt use his services. He assured me that its just a consultation, his fees are paid when someone signs up. He gave me some simple helpful tips, but at this time I would rather cut financial ties with him before I sign something else.I apologize if this post is out of line; I dont have anyone to talk to about finances and Im scared.TL:DR; Unknowingly signed up for whole life. Googled whole life. Now upset. Havent paid yet. Advice on next step?  <response>: Call and cancel if at all possible. Whole life is a bad investment. As you luckily now know. 