I bought a whole life policy in my 20’s. I’m now in my 50’s and a new agent talked me into “upgrading” the policy. He said it would cost me nothing and my annual cost will decrease. When I received the new contract, it shows the I was charged a “Sales Charges” of $7662.77 and a “Premium-Based Administrative Charges” for another $1998.99. I think this agent misrepresented the truth. Rather than email responses to my questions, he called me from his mobile phone and the calls were not recorded. Is there anything I can do at this point?
Thank you in advance for your guidance.