• Report: #198698

Complaint Review: Primerica Life Insurance Company

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  • Submitted: Wednesday, June 28, 2006
  • Last Posting: Thursday, June 29, 2006
  • Reported By: — york South Carolina
Primerica Life Insurance Company
3120 Breckinridge Boulevard Duluth Georgia 30099 U.S.A.

Primerica Life Insurance Company misleading and lies ripoff Duluth, Georgia
*UPDATE: Primerica gets a POSITIVE rating from Rip-off Report in customer support & satisfaction. Primerica pledges to resolve complaints from the past, present and in the future, and give 100% commitment to customer service-say Company Executives!


1Author 1Consumer 1Employee/Owner

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My husband and I didn't realize that we were mislead until a letter came and told us that life insurance coverage begins a new term Sept. 2nd, 2006, and our new quarterly premium would increase from 155.97 to 676.57. This shocked us. We were told 20 years ago that this was whole life insurance and our rates would never go up.

We have had several reps calling us and all gave different quotes. Justice is due. This is so unfair. 20 years of money gone down the drain. We don't know what to do.

If anyone has a story similar to this, please let us know, and what can be done about this.

Marie
York, South Carolina
U.S.A.

This report was posted on Ripoff Report on 6/28/2006 6:23:27 PM and is a permanent record located here: http://www.ripoffreport.com/insurance-agencies/primerica-life-insur/primerica-life-insurance-compa-6byb9.htm.

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1Author 1Consumer 1Employee/Owner
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#1 Consumer Comment

similar story

AUTHOR: Leroy - Tulare (U.S.A.)

SUBMITTED: Thursday, June 29, 2006

A person came to me with a similar story. He was 61. He thought his primerica policy would never go up in price. It was sold to him by his son.
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#2 Ex-Employee

Complain to your local insurance bureau

AUTHOR: Anthony - Beltsville (U.S.A.)

SUBMITTED: Thursday, June 29, 2006

For Marie:

Chances are that your policy has not only increased because the 20-year term is over, but if it converted to an ART (Annual Renewal Term), it will be going up every year! If you have evidence that you and your husband were misled, then I would report it to your local state insurance bureau. Unfortunately you probably signed the application which has it in writing that the product is term when the policy was delivered. As suspected as the 20 year level term product reaches it's in, and there were no investments set up, there will be a lot more of these types of complaints. Chances are the original agent is no longer there, since he or she has obviously not been serving you. Find an independent agent/s, and don't let these jokers near your house again, and warn others.

Regards,
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