There are a few things you could take into consideration before giving any of them up. Do reply with the names of the plans you have taken up so we can advise you much better. 1. Depending on which ILP you've purchased, it may be possible to go on a temporary premium holiday, or lower the premium per month for that matter. If you know for sure that this financial burden is temporary and would like to carry on the plan in the future, you can consider doing this. 2. If you die die need to give up one, then ask yourself: are you saving/investing for something in particular, and if you'd be okay to exit regardless of market volatility in 30 years. If you can take the risk, keep the ILP, otherwise keep the endowment instead. But if you definitely need that sum of money, then keep the endowment. 3. Or suck it up, and grit through the pain now. Enjoy the fruits of your labour later. Most importantly, consider what are your main priorities first. If you have seriously urgent short term liabilities, then obviously neither of these plans are for you right now. Your adviser should know this, and unless you have purposely withheld information from him/her, I urge you to question your adviser as to why he/she proposed this to you in the first place. It is obvious that one party has grossly overestimated your budget, and whether it be you or your adviser I'll leave it up to yourself to make the judgment.