This case is quite similar to buy universal insurance 人壽保險. The insurance agent will tell you high return from your insurance money. They will tell you that you will get an average of 6-9% return rate per year. In the end, the return is only 2-3%. In addition, they deduct 2% administration charge. (They won't tell you when you sign up for the insurance plan.)
When you get your yearly statement (you won't know about all these until a year later when you receive your statement), you realize the bad return rate. So, you want to cancel the whole plan, you will be charged for $250 penalty plus some other charges.
Besides, the yearly insurance premium is higher than term insurance. So, please be careful when you buy universial insurance. There are many things hidden. Watch out for your loss and don't listen to all the sales statement from the insurance agents. They got very high commission every time you sign up for universal insurance.
Just think twice before you sign up any long term insurance plan.
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