<prompt> Human: My financial planner told me to put 100K in an SP 500 Index Fund. He even wrote down the ticker symbol for me for the Vanguard account. I went home and did it. At our next meeting, he was freaking out telling me I shouldnt have done that, it was too risky. I said ...Thats what you told me to do and he said I needed to move it immediately to a balanced Index Fund. Which I rushed home and did.Fortunately, I did not lose any money. The problem, though, is Ive been following this mans advice for a year and now Im doubting everything. He had me buy 100K in life insurance. Now Im wondering if that was a good or bad idea.I guess what Im asking you guys is...is this kind of thing to be expected? Or should I get another financial planner? And if I do, how will I know if I can trust them? Also, since Im doubting everything now, is life insurance a good investment? Thanks:EDIT . My situation: Got 700K from a settlement my Dads estate won for wrongful death. Taxes and penalties which are over my understanding level leave me to pay 378K of it this year to the government. Remaining is:100K which is in Whole Life Insurance100K which is in the Balanced Index Fund at VanGuard40K paid off debts now debt free14K went to my mother, plus 500month to help support her11000 went towards last year and this year fully funding my RothAnd the remaining is in a savings account for emergencies. Synchrony Bank Seperately, I have 140K in my work 401K, which matches 100 up to 9 of my salary Im putting 9 inAnd 20K in my Roth IRA, which I fully funded last year and this year. It is in a managed fund called the 2040 fund.So, I really cant be too risky with what I have left, IMO, because my mother and grandmother need my support. I just wish I could put it in something that gave me the income to fund my mother and grandmother. I am fine on my salary 60K, single, live in an apartment. EDIT 2 . This is my Life Insurance Info220,000.00NET CASH VALUE14,168.80POLICY TYPENew York Life Custom Whole Life InsurancePAY PERIOD5 YearsDIVIDEND SUMMARYMAXIMUM DIVIDEND AVAILABLE4,121.94EDIT 3Wow. I feel really stupid. I think I got scammed. But he did say he was a fiduciary, and a CFP and CPA. So I thought that meant he had to tell me what he thought was best. Maybe he just didnt have a good knowledge of what was best. I kind of hope that is what happened instead of him being a bad person who took advantage of us in a bad time in our lives. I am going to look into my life insurance policy paperwork to see about what the cancellation policy is and I will let you all know before I make a move in that area. The settlement was 6 million dollars and went to the estate. The estate and his wife got 12, my sister and I split the other half. The amount triggered the Alternative Minimum Tax 378K for my sister and same for me and a 20K fine I dont understand the fine. This was from a different CPA in the same office who ran our numbers though his computer program for us. He was in contact with the estate attorneys who also sent the numbers to a few CPAs in their area our same state and they got the same results. I just wanted to take care of my mother and grandmother and get out of debt. Its turned into a big and confusing ordeal. Thank you all so much for your time and your patience and for sharing your knowledge. I appreciate it more than I could say. Assistant: Life Insurance is oversold by a lot by greedy a salesman. Buy only Term Life Insurance never whole or any other names that are the same thing should be bought when you have a young family that needs your income to live on. After they kids leave the nest drop the policy take the that money and put that into a good index mutual fund.Human: This is sad. I was sold on it as a safe place to put my money that would make probably 6 a year. It was to be a cash reservebond type investment. Im single, 44, and have no children.  <response>: sorry to keep commenting but your financial adviser is not really giving you the best financial advise he is a sales man looking to get a commission.A used car salesmen would probably give you better advice 