RL 360 Quantum Investment Advice

[Sucker204]

Hi,

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.

[MDM]

Probably worth posting a link to this thread in Royal London 360 - I dun goofed, so folks who have commented there are more likely to see this new request.

[seattlecyclone]

From what I've read on that other thread, these folks are bad news. I'm sorry to hear you have already contributed so much. Unfortunately I'm not familiar enough with the specifics of their offerings to say what the least bad option is here.