...your money in full amount? Last night insurance agents are able to pressure us into buying equity index universal life insurance, this morning we realize that it is too expensive and we'd rather have term life, what can we do? It is from World Financial Group agent.

You need to look at the fine print where it discusses changes in policy, or cancellation of the policy. They may have a clause in there that states you can't have all or even any of your money back if you cancel the policy. Depends on how it is written.

Stop payment on your check. Call them, tell them you don't want it.

I don't know where in TX you are, but if you are in Dallas the BizRadio Network (1360 am) answers questions like this all the time. You should call in and they will be happy to tell you anything that you want to know. Ray Lucia is actually the best one on staff for this sort of thing and his show ends at 2 CST. If you aren't in Dallas you can stream the show, here is the website:

http://www.bizradio.com/content/view/18/47/

Unfortunately I don't have a radio near me and I don't know the number, but they will absolutely be able to tell you what to do.