<prompt> Human: I am a 19 year old trying to save for the future while i have the least amount of financial responsibility. I took my mothers advice and talked to her friend who happens to be a finanical consultantplanner. Her friend then set me up with an IUL with a 900 annual premium. It sounded good at the time and I proceeded with the process. However, the benefits sound too good to be true, so I wanted to see if you guys have any advice for me. I still have 30 days to cancel my policy and get a refund. Are IULs a good way to put money away for the future? I plan on getting a Roth IRA soon as well. What would you finance gurus recommend? Thank you in advance for your help!  <response>: Why do you need life insurance at all? Who is depending on your income if you die? My guess is no one. Cancel it.Please see our FAQ entry on life insurance 