• Report: #272030

Complaint Review: Principal Financial Group

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  • Submitted: Mon, September 03, 2007
  • Updated: Mon, September 03, 2007

  • Reported By:alexander North Carolina
Principal Financial Group
411 High Street Des Moines, Iowa U.S.A.

Principal Insurance Group, Principal Financial Group Insurance Scam, disabilitry denied even though Federal Judge's ruling favorable.Des Moines Iowa

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After 17 years of paying for a disability policy, The Principal Insurance Group has denied my disability claim for over 4 years even though a Federal Judge at my Social Security hearing has ruled that I am totally disabled.

Principal Insurance has had investigators follow me around, "stake-out" my house and my former business and do everything else that they possibly could to discredit my claim and have found nothing.

My doctors have reported that I am unable to work, I have lost my business, spent all of my retirement and have been forced to put my house on the market in order to pay all of my bills and keep my good credit rating. Social Security pays me enough to keep the utilities paid and the family fed but The Principal Insurance Group has not come thru by upholding their end of the contract.

They have offered to pay me $50,000. to settle the claim providing that I surrender my policy. All they have done is postpone this indefinitely hoping that, at some point, I will give up and take what little they offer in a desperate moment.

I have done everything right in my life. I paid My taxes, paid for my own health insurance, and made sure that my employees all had health insurance to cover their families.
The Principal Insurance Group has been given a license to steal from honest, hard working people by selling them a bogus disability insurance policy. The company really has no intention of ever paying disability benefits to people who need them.

I have 5 different life insurance policies with this company, but have had to take all of my cash value out of them and reduce the face values. You would think that they would treat a good customer a little better.
All of my records are well documented. I would really hope that someone in the television industry would do an investigation of this company to expose the real truth.

DO NOT BUY DISABILITY INSURANCE, or anything else FROM THIS COMPANY.

Screwed over
alexander, North Carolina
U.S.A.

This report was posted on Ripoff Report on 09/03/2007 07:57 AM and is a permanent record located here: http://www.ripoffreport.com/r/Principal-Financial-Group/Des-Moines-Iowa-50392/Principal-Insurance-Group-Principal-Financial-Group-Insurance-Scam-disabilitry-denied-ev-272030. 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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