A couple years ago I fell on hard times and started to become more serious about my finances. I'm a relatively healthy 28 year old living in Southern California. I was directed to NWM by a close friend and the financial advisor there set me up with a Roth IRA and a cash value life insurance account. I've been contributing $700/month to the life insurance and after 2 years am starting to regret this decision.

The premium is high and the account is only showing something like $6,000. My question is should I just cut my losses and cash out? I had called the advisor expressing my concerns just a week ago and he assured me I would see leaps and bounds by year 5, but at this point I would of much rather just have saved the almost $16,000 myself. I am mostly concerned because I'm not sure this was the best decision for my lifestyle and am not the most financially literate person, any help would be greatly appreciated.