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took out a whole life policy on toddler before knowing any better, what are my options?
took out a whole life policy on toddler before knowing any better, what are my options? I listened to my (not very financially literate) family members and got a $150,000 whole life policy last year for my then 1 year old. I have been paying about $118/month and have paid about $1500 in total at this point. I was told if I cancel, I would get a cash value of $30. They gave me the option to convert it (to what, I am not sure) or to...
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