• Report: #795342

Complaint Review: MetLife Insurance Co.

Thank You

Read how Ripoff Report saves consumers millions.

  • Submitted: Sat, November 05, 2011
  • Updated: Sat, November 05, 2011

  • Reported By: George — Lewes Delaware United States of America
MetLife Insurance Co.
P.O. Box 10356 Des Moines, Iowa United States of America

MetLife Insurance Co. Deceptive client advice, unauthorized outrageous administrative fees Des Moines, Iowa

*Consumer Comment: Question

What's this?
What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

SEO Reputation Management at its best!

I am a 64 year old public school teacher with a retirement annuity account with MetLife Insurance company. I experienced a personal emergency (divorce) where I needed to withdrawal funds to buy my partner out of our joint owned property. 

I asked the advice from my local MetLife agent who told me that I would have to pay the state and federal taxes when I made the withdrawal. After the transaction was completed and I received my check there was a $3500. processing fee taken from my retirement savings. 

I was never advised that there would be any fee and feel this is beyond  reasonable and also a  deceptive business practice. Shame on you MetLife for stealing money from a teacher's retirement annuity.

Please help with any legal recourse I can take.

This report was posted on Ripoff Report on 11/05/2011 06:32 AM and is a permanent record located here: http://www.ripoffreport.com/r/MetLife-Insurance-Co/Des-Moines-Iowa-50306/MetLife-Insurance-Co-Deceptive-client-advice-unauthorized-outrageous-administrative-795342. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

Click Here to read other Ripoff Reports on MetLife Insurance Co.

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
REBUTTALS & REPLIES:
0Author 1Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

Question

AUTHOR: Robert - (U.S.A.)

There is a big difference between taking $3500 on a $7000 withdraw and $3500 on a $50,000 withdraw.  So how much did you withdraw and were any of those "fees" withholding for the taxes you had to pay?

If they were for the taxes then take up your complaint on the amount with your State and the IRS.  If they are specifically for MetLife's fees then what does the terms say?  Did they take more than was in the terms?

Respond to this report!
What's this?
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Advertisers above have met our
strict standards for business conduct.