<prompt> Human: I went to my FA to talk about investing. I had 5,000 sitting around in my savings account, and now its at 10,000. Im starting to make real money, and I dont know what to do with it. MY savings account is less than 1 interest a year, so I knew I could do better.He sold me on whole life. Its guaranteed 7.5 return on my investment every year basically, and he showed me the numbers that if I put 170 into it every year...in 2 or 3 years It takes some time until I can cash out I basically become my own banker. He told me I can withdraw from this account at any time and continue to put in as much as I want to.After reading on Reddit...it seems like Whole Life is a giant scam. I cant figure out why. I understand I can put money into a ROTH IRA But I cant withdraw tax free?...so Im jsut trying to figure out if Whole Life is THAT bad or if I should cancel it. Is it possible to cancel before it even starts? What happens if I cancel payments 1 month in? Do I get charged penalties? What do I do...fuck I should have read Reddit before.edit: The premium is like 50 a month, but he talked me into putting 170 into it a month to build up cash into it faster so that in a few years I have a nice cash flow going into it. So now Im paying 170 into an account where the premium is much less I think its 50  <response>: Cancel!!!Read your contract to find out how and what the penalties are. There might be a grace period. 