<prompt> Human: My parents talked my wife and me into working with a Financial Advisor at Ameriprise. I started working in City Government and I was concerned about the retirement scheme. I dont have access to an employee matched 401k as the City has a fairly generous pension scheme. I dont want to commit myself to working for the City for 40 years Im 29, so I wanted some peace of mind. We have been with Ameriprise for about eight months now. Our advisor talked us into VUL and term insurance for both of us. I dont feel comfortable with the policies as I dont know how much I am paying in fees, etc. Its clear now that VULs are despised on rpersonalfinance. Here are some details:My VUL: 1,192.89 Cash Value, -4,293.91 Surrender Value. 1,600 in premiums already paid. The Premium is 200month with 21.36 going to insurance. Its a 300,000 policy.My Wifes VUL: 455.80 Cash Value, -3,813.03 Surrender Value. 679.92 in premiums already paid. The Premium is 85month with 11.55 going to insurance. Its a 250,000 policy.The term insurance is pretty straight forward and inexpensive. Im not concerned with our term insurance. We each transferred our existing 401k accounts to Ameriprise. If I was to walk away from Ameriprise, what would I do about our VUL accounts? If we cancelled our VUL accounts, would I lose the cash value? Or somehow owe then the surrender value? I understand that we would be taking a financial hit regardless, but I dont know if its worth 500 in annual fees to continue to pay premiums into these policies. I think I would prefer to take my business to Vanguard and manage our finances myself. We have well over our emergency fund in savings have a 280k mortgage on a 500k condo. I understand that I put myself in this situation - Im just looking for the most sensible way out. That said, are we better off leaving things as they are now and bailing later, when the surrender fees are gone in ten years....Any advice would be much appreciated.  <response>: Id just walk away from them. You were taken advantage of and need to consider the sunk cost the price of a life lesson. The advisor is going to call you up and try to guiltbullyconvince you to stay, if you plan on talking to them get armed with the basic math showing him what useless product he sold you. 