<prompt> Human: This is all basically just BORING information about myself, you can skip to beyond the line for the meat of the post. I am 33 years old, engaged, no kids, rentutilitieswifi at 990 for a master bedroom with bath and dual occupancy. Paid down all of my 128k student debt from 2009-14. 0 in retirement, for now firm had shit benefits and no 401k, but I didnt have money anyway. New career in finance not related to my post more below. 50,000.00 salary with possibility of a year-end merit bonus of 0 to 100,000, and I was told of this by two coworkers at separate times. Last year, I joined mid year and the latter half wasnt great for clients -- work hard and I promise you a bonus next year. I have 3,800 out of 28,000 in credit card debt and credit utilization. Quite literally 2 days after my last student loan payment, I put in my 2 weeks I paid 128k in 5 yrs 9 months. Pretty simple -- I lived lean 95 of the time, lived it up 5. Gfs are expensive though. I met my fiancée 11 months ago and there or may not have been relationships overlapping starting when I met her. Full disclosure and other facts: I was an attorney for about 5 years, but I currently work in a finance group in Southern California that manages wealth for rich people in Los Angeles even some celebrities, none above B-list though. My group neither sells this nor sold this particular product to me, and I dont think anyone in the group even has the license to sell it. I also cant sell and am not selling this to readers again, Im not licensed to sell this; thats NOT the reason why Im not selling, just a fact to demonstrate that I am not selling, whether for me or anyone else since I cant, making it illegal and an actual misdemeanor or even a felony as fraud. ___Instead of telling you what it is, Im going to describe it, because a it will make it a less boring read and id like to see what people guess, and b this may or may not be what I heard that made me sign up. Alright, honestly, I mostly made this post to make me feel better about being soldI had an appointment with a financial advisor my friend referred.Meeting with the guy begins. Small talk bs first. Ok, so Im told about compounding interest. Know it already, move on. I was demonstrated the difference in tax deferred growth 1,000 principal growing 8 yearly for 2 products, but one gets taxed yearly other gets taxed at end of year 30. Difference was way off my guess, like 200-300k difference in my guess.He asks if I like paying taxes. What? No. Asked what retirement assets I have set up and when I want to retire. 0, age 67. He asks what I plan to do. Basically wing it, and save 8kyear 401k for now. Not much to do with 50k salary and no bonus. Its been 10 min. He says he has 5 min because I was 15 min late and he will be late to his next appt, and while he treats everyone well, being on time is the most important to him. He simply asks:Whats your risk tolerance? Not bad. Im young, so I know equity is -- cut offYou dont like taxes right? Right...Do you buy high and sell low with stocks? Hell no, haha--Is now a good time to buy low? Yes of course. What do you have in mind --Youre in finance, would you say 8 is a reasonable yearly average return on the market? Ummm sure...Whats your budget if you were to put money away to save? 200-300 I guess. You look healthy, you dont smoke do you? Thanks. No, my dad actually passed away from lung --Hands me a printout with my name and age and a table of valuesHe points to year 33 -- it says 197k or around thatIf you put away 300 a month, at 8 projected return in stocks, you project out at that at retirement. Not bad, man. What is this? It kind of sounds like a --He points at year 33 showing 116k or something you see this? You can withdraw almost 200k here, with 116k tax free because theyre not gains yet. Ok, whats the catch?Im not done, you can withdraw money at any age after 10 years, or you can let it sit until age 80 if you want, and anything you take out is 100 tax free until you start hitting the gains points at page with 440k or something. Ok, Im genuinely interested, whats the catch?!??The catch is that this is a 500,000 life insurance policy on your fiancée, called cash value life insurance. And you get no taxes on half million. Everything you said is true? Because I will look it up. He smiles I encourage you to, brother -- Honestly, you should know what this is worth and what you need to do... If not, it was nice meeting you, gotta run. Hands me a thick paper application along with illustration And now Im signed up for a fucking life insurance policy. How did this happen??What do I need to know? He sounds like a dick via online but hes nice, just aggressive and a bit salesmany.  <response>: cancel it. do it now. dont wait to see if you were wrong. cancel it. today. cancel it. dont ever see this advisor again. hes a sales man who could care less about you and your future.Cancel it. right now. 