Modicare — Mighty guard app

I purchased mighty guard app on 14 june 2021. It got correctly installed on my phone and was working well. But for many protection features it wanted permission and the general permission includes that the app can delete all my data without warning by performing a factory data reset. Had I known this before I would have never purchased such an app. There are so many security apps. I trust modicare so I bought it. But why will I risk losing all my data? This is cheating. I demand a full refund of my money as this information was not provided to me before.