<prompt> Human: Hi folks, New to Reddit posting. Current Situation: 27 year old, male make about 85K annually in earnings No debt car paid off, no school loans Renting 50K in liquid accounts Checking, Savings 50K in 401K account About a year ago, I signed up for a Term 80 Life Insurance with Northwestern Mutual. The advisor told me that I can make money long term from this account but Im currently paying 350month for a 500K term 80 life insurance and 700month for investmentsbrokerage with the same advisor. Ive seen some post with 350yr for the same amount of coverage. Am I just an idiot or am I making a smart investment? Also, Ive been in this account for about 15months and the cash out value right now is about 1200. Should I just cash out and take my loss or stick with this account for the long haul? Please help! All feedback will be greatly appreciated! Update: So I called my advisor with intentions to cancel my account. Apparently, I have the account still but Im only paying 20month for term. However, Im paying 320 towards a whole life insurance. Im meeting with my financial advisor to discuss the account on Tuesday.  <response>: This doesnt sound like term. Term shouldnt have a cash out value. You only cash out if you die. This smells like universalvariable - which basically adds an investment component to your life insurance policy. Generally these are seen as not so favorable to the consumer, favorable for your advisor big commissions. It sounds like your cash out value is low right now, but you might want to pay attention and cutting your losses could be better in the long run. I also suspect your 700month investments also might be not super efficient for you. Do you know where that money is going and what kind of expense ratios are on the fees... once again, probably not in your best interest high fees.The folks at can probably set you straight better. 