In January 2020, I was pressured into buying a AIA Pro Lifetime Protector - Max. This is my first investment linked insurance policy. My yearly premium is 4K. Should I withdraw?

Non financial related comment coming through. If you feel cheated, your friend isn't your friend. Withdraw him/her too.

Alot people have the misconception that ILP is a shit plan. ILP is actually a good plan if your concern is more about protection as a minimum of 100 dollar can get you 100k coverage.

But if your main motive is to invest, then this is not suitable for you and surrender the plan is the best option

ILP is gd for those who wanted high coverage but no budget and usually those young people who just started into the workforce. For ILP, u can be flexible in your control on the coverage and investment portion... But do take note that the insurance cost for ILP is rather high if u are reaching late 40s or into 50 onwards... So end of the day it depend on what ur needs and wants before we can make a judgement on the ILP plan that you have bought. :)

Hi there, please do look through the contract or contact your insurer on alternative ways than to surrender the policy. You can also look into reducing your regular premium for ILP policies if $4k per year is too steep for you.