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Mr_Zamboni_Man t1_jebj0ww wrote

Maybe you can cancel the policy and refund the remainder of the premium?

Also, never, ever ever pay upfront what you can pay later at no cost to you.

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Pacman91390 OP t1_jebk6to wrote

I asked, they won’t refund the remainder. I am now learning this and will never let myself make a mistake like this again. Will also be spending a good amount of time teaching myself more in depth about financials because I now trust no one.

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Mr_Zamboni_Man t1_jebmtwn wrote

In that case your only recourse as far as I can see is if that is not a legally defensible way to structure the contract. You’d need to do some legal research or talk to a lawyer.

As far as finances, I’d someone is ever trying to convince you of something, it should raise your alarm bells immediately. Investing is actually in general very simple: put your money in to index funds unless you really know what you are doing.

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