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  • Report: #389954

Complaint Review: United American Insurance

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  • Submitted: Mon, November 10, 2008
  • Updated: Thu, January 15, 2009

  • Reported By: Amber — Reno Nevada U.S.A.
United American Insurance
1205 Terminal Way Reno, Nevada U.S.A.

United American Insurance Rip off of employees and money from clients Reno Nevada

*UPDATE EX-employee responds: I agree Amber

*UPDATE EX-employee responds: I agree Amber

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United American Insurance is a scam they have people sell insurance that is not what it seems. It pays less than benifits than the brochures say. They down grade the whole life policies and say house hold has max premium can have but still keep all premium that agent sells on.

I had $800 dollars in premium for policies they kept all and said my family could only handle $150 a month then cancelled all policies because of a returned check and charged the agent for that cacellation. When asked for premium return they said is agents responsiblity. THen they took out another monthly premium for $54 on a cancelled life policy.

When asked for number to file complaint and get premiums back i was told to go to websight and file complaint or call home offices.

United American issued policies not the Agent and United American cashed the checks not the Agent. So united american owes permiums back not the Agent who was suckered into working for them with promise of leads and reliable and strong company that could write up to a $2000000 dollar life policy but all the polices he did got down graded to like $25 a month.

I have filed a complaint with the DOI in Nevada and am looking for other who have had same problem to file a class action lawsuit against United American and Torchmark INC. They have other companies Glob Life, AIL, LIberty National,UA and severa other Names they go by.

Amber
Reno, Nevada
U.S.A.

This report was posted on Ripoff Report on 11/10/2008 10:14 PM and is a permanent record located here: http://www.ripoffreport.com/r/United-American-Insurance/Reno-Nevada-89509/United-American-Insurance-Rip-off-of-employees-and-money-from-clients-Reno-Nevada-389954. 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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Updates & Rebuttals

#1 UPDATE EX-employee responds

I agree Amber

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

I too was swindled by the great United American Insurance Company. I was promised leads, and a guarantee of this much a month and told that policies never cancel, if so it was not my problem. After spending over 9 months there and going in debt to stay afloat. I noticed other people were receiving monthly statements, but not me. When i asked the Branch Manager he said he would check on it for me, it was a paperwork issue. Keep in mind the whole time my BM was putting business in my name without my being there. He said this is how the company did it with new agents. This was in order to get me to my $12,500 for 4 consecutive months to be promoted to Unit Manager. So I thought nothing of it, until I finally contacted the company myself and received a statement. I was almost $10,000 in the negative. I could not believe it. Apparently all of this business that he had been putting in my name to get me to UM, was bogus business. I could not believe it. The BM eventually disappeared and I do mean just stopped showing up. The Director came and found so many illegal documents in his office that he couldn't believe it. Some of the debt was taken off after policy holders were contacted and had no clue who I was, however, I was left with $2,800 that couldn't be handled. Needless to say I refused to pay them and will. They need to be stopped, not to mention that the more I looked into there policy the more disturbed I became. It is a fake, bogus policy. It doesn't cover anything major and god forbid someone had an accident or was hurt very bad. God forbid someone just needed to go to a doctor in order to feel better. It's sad and yes they need to be sued or called out on their illegal actions....
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#2 UPDATE EX-employee responds

I agree Amber

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

I too was swindled by the great United American Insurance Company. I was promised leads, and a guarantee of this much a month and told that policies never cancel, if so it was not my problem. After spending over 9 months there and going in debt to stay afloat. I noticed other people were receiving monthly statements, but not me. When i asked the Branch Manager he said he would check on it for me, it was a paperwork issue. Keep in mind the whole time my BM was putting business in my name without my being there. He said this is how the company did it with new agents. This was in order to get me to my $12,500 for 4 consecutive months to be promoted to Unit Manager. So I thought nothing of it, until I finally contacted the company myself and received a statement. I was almost $10,000 in the negative. I could not believe it. Apparently all of this business that he had been putting in my name to get me to UM, was bogus business. I could not believe it. The BM eventually disappeared and I do mean just stopped showing up. The Director came and found so many illegal documents in his office that he couldn't believe it. Some of the debt was taken off after policy holders were contacted and had no clue who I was, however, I was left with $2,800 that couldn't be handled. Needless to say I refused to pay them and will. They need to be stopped, not to mention that the more I looked into there policy the more disturbed I became. It is a fake, bogus policy. It doesn't cover anything major and god forbid someone had an accident or was hurt very bad. God forbid someone just needed to go to a doctor in order to feel better. It's sad and yes they need to be sued or called out on their illegal actions....
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