Was I scammed into buying a whole life coverage policy?

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I started working with a money advisor at NWM in July. I have adequate savings and wanted to start putting my money elsewhere.

I’m 27, single with no kids. He sold me on a whole life coverage policy for $7,500 a year. I was definitely uneducated on money management and trusted him and bought into it. I don’t need a life coverage policy but he told me it’s a good savings tool for retirement as the appreciation and levy advantages are better than other types of investing.

My questions:

  1. Did I fall for a total scam?
  2. Should I not put any more money in?
  3. Is there any way to get my $7,500 back?

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