RL 360 Investment Advice

Sucker204

I’m really worried, I have had an RL 360 Quantum regular premium investment since March 2013(20 year plan). I have invested $1,600 each month, my total investment so far is $92,800.00, my advisor has me in Smartfund 80% Protected Growth Fund A GBP which the policy value is up 12.29% (policy value is currently $104,200.96).

My current fees are
$10 per month
1.5% annual of investment
Initial 20 months @ $1,600 (I assume for 20 year plan)

Reading the various reviews online and on The Mustachian Forum the advice is get out as soon now and don’t invest anymore money. I really want to try and minimise the loss as much as possible, I really can't afford to loose this money I was naive and never did sufficient research, also I trusted my advisor and a friend who recommended them to me.

Now, if I surrender my investment I will get back $26,883.24 from $92,800.00. The question is what to do?
1. Do I keep on paying $1,600 a month and hope my investment will remain profitable
2. Do I minimise my payments to $360 and withdraw as much as I can without cancelling my policy and hope investment will remain profitable until I am able to minimise the percentage surrender fees
3. Try and switch fund to another RL360 which will allow me to reduce the policy term
4. Cut my losses and surrender 71.5% of the money I have invested so far

Any advice would be greatly appreciated.

Voyager2002

This forum is UK-based and so the people reading your post are unlikely to be familiar with products sold in other parts of the world. While I think I understand your concern, I have no idea what a RL360 investment is and so cannot say anything helpful.

Superscrooge

The below links provide more information about how RL360 operate.

http://www.mrmoneymustache.com/rl360-insurance/

https://web.archive.org/web/20150612072348/http://howtoretireearly.net/the-rl360-scam-my-15000-investment-lesson

I don't have any knowledge of the firm other than online reviews I have just read. But fear you would be throwing 'good money after bad' if you continue to invest.