• Report: #1027112

Complaint Review: National Life Group

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  • Submitted: Mon, March 11, 2013
  • Updated: Thu, May 15, 2014

  • Reported By: TeddyB — Portsmouth Virginia United States of America
National Life Group
one national life drive Internetmontpelier, Vermont United States of America

National Life Group Southwest ,LSW, Hidden fees ect will RIP you OFF! Internet, montpelier, Vermont

*General Comment: Get the Facts

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Well in short...  Watch out!  Them or any connection to them. I started a  policy just over 4 years ago, wanted whole life with cash building ect...   was a lil over priced at  $52 a mo. for 50k.  Well after 4yrs had a "cash face value" of $1349.00.  Seeing I will loose 20% of my income soon I have started cutting back figured it's over priced and  all that I will cash it in.   I am GLAD I have canceled this one!  They informed me with fees an all, the cash out value is a whopping $69.62  or i could borrow up $3.68 against it!   I've had  INS b4  an well this is a complete insult, I was taken for a full ride!   The agent that sold me the policy was well silent for seemed like 20sec before saying a word....   Their fine print will get you!

This report was posted on Ripoff Report on 03/11/2013 03:57 PM and is a permanent record located here: http://www.ripoffreport.com/r/National-Life-Group/Internetmontpelier-Vermont-05604/National-Life-Group-Southwest-LSW-Hidden-fees-ect-will-RIP-you-OFF-Internet-montpelier-1027112. 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.

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#1 General Comment

Get the Facts

AUTHOR: Mace229 - ()

You should know that life ins. is a long term investment. Your ins. money is mostly invested in long term (safe) investments that will not mature quickly. Cashing out early is like planting an apple seed and expecting apples in the same summer. My wife's policy won't be worth what she put in to it for another 7 years and she's been with it for about the same amount of time as you. Canceling your life ins. was a bad idea.

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