How Get Out of a IUL??

So, I have been paying $200 per month into an Indexed Universal Life Policy (with North American Company) for 3 years now. The total premium Ive paid

So, I have been paying $200 per month into an Indexed Universal Life Policy (with North American Company) for 3 years now. The total premium I've paid thus far into the account is $6,800 and the accumulation value is only $4,881. I want out of it. I initially thought the IUL would be a good option for retirement savings, but now realize that I would be much better off buying a low cost term life policy and investing that money elsewhere. I am only 28 years old, married, with no kids. When I originally bought the policy I was 25 and single. I wanted it for my retirement savings and thought it would be a good vehicle to use to fund my real estate investment endeavors in the future but, as I'm quickly learning, I believe I have been grossly misled by my financial advisor. I also started a Roth IRA with this same advisor at the same time as the IUL and have maxed that policy out every year. However, I now feel sketchy about him brokering that account given the deceit I now feel concerning the IUL.

My question is, what is the best method for me to get out of this to keep at least 25% of the damn money I've invested?? My surrender value right now is a disgraceful $921. My surrender charge is $3,600. I am quite upset that I have potentially wasted over $5,000 of my hard earned money on NOTHING when I could have used that money to fund other investments. Any info would be appreciated.

Also, a follow on question to that is what are some good vehicles to reinvest that money? Is it better to contribute more to a ROTH IRA (since I am now married and the annual max is $11K), invest into a 401(k) policy, or open a Mutual Fund?

Thank you again for the advice.

or:So, I have been paying $200 per month into an Indexed Universal Life Policy (with North American Company) for 3 years now. The total premium I've paid thus far into the account is $6,800 and the accumulation value is only $4,881. I want out of it. I initially thought the IUL would be a good option for retirement savings, but now realize that I would be much better off buying a low cost term life policy and investing that money elsewhere. I am only 28 years old, married, with no kids. When I originally bought the policy I was 25 and single. I wanted it for my retirement savings and thought it would be a good vehicle to use to fund my real estate investment endeavors in the future but, as I'm quickly learning, I believe I have been grossly misled by my financial advisor. I also started a Roth IRA with this same advisor at the same time as the IUL and have maxed that policy out every year. However, I now feel sketchy about him brokering that account given the deceit I now feel concerning the IUL.My question is, what is the best method for me to get out of this to keep at least 25% of the damn money I've invested?? My surrender value right now is a disgraceful $921. My surrender charge is $3,600. I am quite upset that I have potentially wasted over $5,000 of my hard earned money on NOTHING when I could have used that money to fund other investments. Any info would be appreciated.Also, a follow on question to that is what are some good vehicles to reinvest that money? Is it better to contribute more to a ROTH IRA (since I am now married and the annual max is $11K), invest into a 401(k) policy, or open a Mutual Fund?Thank you again for the advice.

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