<prompt> Human: Hello,I currently have a 10 pay life insurance. My mom set me up this 5 years ago. i pay 67CADmonth. it beeen more than 5 years so i spent like 4.4k cad so far and ive been reading a lot on reddit and a lot of ppl say you dont need a life insurance and its better to get term life. Policy give me 100k if i die before 10 years and 200k if i finish with the 10 years payment.But i called my insurance company london life and they said i will only get 467? cash out if i surrender my insurance.Should i just complete the 5 years left around 3.6k or gave up on it but loose like 4k i wasted on this insurance..And my mom really want me too keep this and even offer to pay for it..But i dont want her to pay for this and waste her money.. i feel like i dont need this. im only 20 years old,bno kids and in university, Help plz tyEdit:Policy illustration Surrender cash value Assistant: No 20-year-old with no dependents needs life insurance. Especially not whole life. Let your mom pay for it and reap the puny returns if she really wants to, but its a very poor use of your funds. Hers too, but thats her call. Human: Ya i cant do nothing she wont let me get out and she is the owner of the policy so they said she is the only one who can cancel it.Assistant: If she is the owner, you are not responsible for the paymentsHuman: When i was young she opened my bank account and put money in it so they can take the money from here but now im the one who is paying since i make my own money and the company still take money from my bank account. and i dont really want her to pay with her own money..Assistant: Well first off, youre 20, get your ass to the closest branch and take some financial independence ffs. Transfer all the money to a new account and close the old one. Just ask for some assistance, most tellers will be more than happy to do it all for you right at the counter, just remember to get a void check for the new account to continue getting your direct deposit from work. Human: Ohh i meant like i have my own bank account my mom dont have any control on my bank but its just that london life have a direct withdraw each month to take 67cad for the life insurance. Idk yet if i should continue paying or no. she offered paying for it but like i said my mom isnt rich and i wouldnt want her to pay for something like that .. but ya ill see what ill do .. ty  <response>: Your not a minor she has no control. Open your own account and close that one. It cuts it off, also unless her name is on the account i seriously doubt she has any legal standing on it. 