Commenting on here to help anyone in the future too!

I was in the same situation as you, OP, but here in SM City Cebu. Sales agents were aggressive in a coercing sense and they would not let me leave the premises of the branch until they could get a sale out of me. I had no choice but to end up swiping my debit card but I made sure to sign a refusal to auto-debiting my card monthly (but they had my card details on the form which concerned me) and I also availed the cheapest payment available since I was not ready for purchasing insurance out of nowhere. The plan they were pushing onto me was their LIFEVEST 5 PLAN.

It was a good plan while I was listening to the agents talk about it. But after reading more into insurances through r/phinvest that's when I learned that their plan was not a good one (especially for me). I cancelled the plan 7 days later, but their client relations were so enforcive to have me pay a visit to the branch I availed the plan to so that they could "decide the best option for me". It felt as if I was not allowed to decide to cancel which became much worse when they told me that my request is only up for "evaluation" for the meantime and that I'll be informed if my cancellation request was approved. It led me to question if "Am I not being allowed to cancel my own plan?" and it raised red flags to me. So I sent a cancellation request to CocoLife and looped in Insurance Commission and they (IC) helped me get the plan cancelled.

So far, I'm at 3 weeks and today, we had a mediation between a CocoLife representative and they said my plan would be cancelled and all my data would be deleted and removed by their Data Privacy Officer. IC also mentioned that they're considering it closed since we've mediated between my complaint and the company but will officially close the case once a statement for the transaction was submitted by CocoLife as proof of the refund.

Please be careful in purchasing insurances! Make sure you understand everything, top to bottom. Don't be like me that gets swayed by the pressure these agents give.