That is so sad to see so many people want to become millionaire without asking any question before jumped into. Just take loss and buy term life if you really need. Otherwise, with $330 per month payment, you can spend $50 t pay term life insurance and use rest of money to buy Vanguard 500 Index fund. Should do the research before giving out the money. Some people just want to have commission. It doesn’t matter whether who is Chinese or not. Don’t trust anybody you don’t know but yourself. Those wasted money just treat as tuition for getting social experience. Good Luck.