<prompt> Human: Back story: Friend convinced my wife to talk to this financial advisor she dealt with. Lady came by to talk to us, but all she did was hawk NWM products and didnt provide much in terms of financial advise besides telling us to throw any leftover money at our mortgage and make sure to keep up with our IRA 401k contributions.Long story short, it all sounded nice on paper she made it seem like it was more of a savings account than life insurance and my wife signed us up for whatever she was selling, which we thought was supposed to include a 529 plan for our daughter. Well, those premiums are 1900 a month for term 80 plan and adjustable comprehensive life for each of us plus a comprehensive life plan for our daughter shes 2. I feel like weve been had and are throwing away money. This is partly my fault as I did not do my research after this lady talked to us. Stupid.Our financial situation is currently excellent: savings account is very healthy as is my IRA and my wifes 401k. We have no student debt, cars are all paid off, and we just have a mortgage to worry about.Right now weve paid a bit over 15k in premiums this year have had this since December of last year. Dont know how much well lose if we ditch it right now. Should we go ahead and put an end to all this mess and just deal with the losses?I want to get us out of this ASAP if it truly is a bad deal and based on what Ive read during the past day, were not getting our moneys worth.  <response>: I feel like weve been had and are throwing away moneyYouve been and you are.Cancel the plan and eat the loss. 