<prompt> Human: Hello everyone I am very worried about a life insurance policy that I am waiting approval for. Im 22 and my friend from college recently joined World Financial Group as an associate. She has been evangelical in her approach to help mainly women of color achieve financial freedom. I went to a workshop she hosted and it was really informative. She then performed a financial analysis and then I went to the follow up meeting and thats when I started becoming very uneasy about the information Im hearing. I thought it was just going to be my friend at the meeting, but she invited two other associates as well and they were doing most of the talking. They sold me on an indexed universal life insurance policy. I do want to start the habit of saving early, but after reading through the material and online resouces, I dont believe I should get the insurance. My main priorities are saving to move out of my parents house and to save to buy a used car in the next two years. Im making a little under 13000 a year its a stipend year long position and I hope to find a better paying job in August. I have 916 in a savings account, 120 in cash savings, over 20,000 in student loans, and over 2000 in checking. Throughout the meeting, they kept talking to me about long term even though I feel like I needed something more liquid.So the universal life insurance has fees they didnt tell me about until I asked about them. And then she said the fees went into the life insurance and death benefits portion of the policy which I just dont think is true, I think it goes to World Financial Group. You cant take money out for 10 years without a penalty. I feel like the numbers they showed me about how much cash accumulation I would have were very inflated. So when I looked confused, they gave me the impression that they knew best and that I was crazy for second guessing the insurance. I just got urine and blood work today and I havent had my phone interview so the insurance is not approved yet. I was thinking about calling the insurance company and telling them I am no longer interested. It also appears that my friend has signed a document in my name officially making me an associate at WFG. I was told that I was signing up to be a member and receive financial information in the form of classes and workshops. I paid a fee of 100, but if I was mislead about what I agreed to, this contract can be terminated and I can get my money back, right? So do I have a right to be hesitatant about the insurance given my current financial situation? If you dont think I should get a FFIUL, should I be doing something long term right now instead of it?I know I got myself into a pickle and I appreciate anyone that takes the time to read this and help me out!TLDR:My friend sold me universal life insurance and signed me up to be an insurance agent and I dont think it was in my best interest.  <response>: Its very shady multi level marketing.Universal Life Insurance is for people with SHIT TONS of money trying to avoid inheritance taxes by making the transfer be a life insurance policy. Its not for normal people.Really, if she wants to help YOU be financially empowered, what good is a life insurance policy? 