American General Life AGI, AIG my dad's life insurance was cancelled after 20+years premiums, drafts still taken, insurance denied Houston, Texas

1. Written by mnorwood on June 16, 2011

AGI was my mom and dad's life insurance policy for 20+ years.  Payments were near 500 a month.  When my mom died in 2007  they said the policy payments were based on her age at 79. She was 82. A deal to subtract the difference in premium payments was implemented on so that only 17,000 was paid out on a 25,000 policy. The premiums were auto pay draft. We found out soon after her death that my dad had lung cancer. Later, we were notified that a loan was taken on my dad's 150,000 policy which would
create a deficiency in the policy if an adjustment was not made. We requested that the drafts be increased so as to not cause a lapse. The auto drafts increased.  Problem solved?  Not a chance.  In 2009, they sent us a letter saying that because of policy deficiency they CANCELLED his policy. When we tried to straighten up the situation, they wanted him to fill out a NEW APPLICATION for review (he was being treated for lung cancer NOW). My dad, now with no insurance, died before we resolved our complaint. AGI is as crooked as crooked a company could be. I think all of us who lost death benefits from this unethical company should FILE a LAWSUIT.  I am only NOW recovering from their deaths and wanting justice.