- Report: #8376
Report - Rebuttal - Arbitrate
Complaint Review: Primerica - Milico
Primerica - MilicoDeluth, Georgia United States of America
INVESTIGATION: Primerica offers excellent business opportunities & stands behind its products & services, feel confident & secure when doing business with Primerica, backed by Rip-off Report's Corporate Advocacy Business Remediation & Customer Satisfaction Program. Pasadena California
*UPDATE: Primerica offers a good business opportunity & stands behind its products & services- - Company Executives have told Rip-Off Report that Primerica pledges to resolve complaints & address any inquires from the past, present & in the future..
*0: have you tried contacting primerica's main office?
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Read about Rip-off Report Corporate Advocacy Business Remediation & Customer Satisfaction Program,..A program that benefits the consumer, assures them of complete satisfaction and confidence when doing business with a member business. this program works. ===================== THE ORIGINAL REPORT THAT WAS FILED IS BELOW ===================== PRIMERICA - MILICO Life Insurance Scam
I am writing to obtain information about Primerica/Milico Life insurance on behalf of my 67 year old mother. During a recent review of her Life insurance and Will I questioned my mother about the value of her life insurance policy. She indicated to me that on December 2, 1988 she bought a $100,000 life insurance policy from Massachusetts Indemnity out of Deluth, Georgia. She indicated that the policy had been transfered three times because the Life Insurance company changed hands.
My mother is not in good health and gets very confused with this type of matter. She said she found a policy from Primerica/Milico and it stated that it only had a $7000 face value. She has no phone number for the company and for years the monthly payments have been taken out of her account automatically by EFT. She gets no monthly or annual statements and has no Insurance Agent to contact.
I tried locating them on the Internet and I found your site with claims of fraud and Rip-Off's against this company. I have her policy number and the company name and that is all. I am wondering if you have any record of this type of a switch in policy values? I have very little to go on at this time. I am asking her to trace down all the paperwork she can find about the policy and the company since 1988 to see if I can piece together what has happened. She plainly thinks that she was sold a $100,000 Life Insurance policy and I fear she has been taken.
The biggest problem is that if the policy has any value at all and is only worth $7000 and she will not be able to obtain additional insurance due to her age and current health. Back in 1988 she was 54 years old and in realtively good health. She now has countless health problems and is probably not insurable or will have to pay an enormous amount for additional coverage.
Can you help me piece all of this together and decide if I need legal help ?
David de Poincy
This report was posted on Ripoff Report on 11/29/2001 12:00 AM and is a permanent record located here: http://www.ripoffreport.com/r/Primerica-Milico/Deluth-Georgia/INVESTIGATION-Primerica-offers-excellent-business-opportunities-stands-behind-its-produ-8376. 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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