ED Magedson – Founder
Midland national life insurance companyone midland plaza sioux falls, South Dakota USA
Midland national life insurance company they canceled my policy after I had started it and paid by allotment when I was 24, after 20, now I am 48 sioux falls South Dakota
I started my contract with Midland National Life Insurance Company 12/15/1989 , my policy number is 2500603160 , it was a premium payable life , I was 24 and now 48, it was a payable 50.00 a month in which I paid by military allotment for over 21 years, the policy was suppose to be paid in full and complete after 20 years, so after 20 years the policy was suppose to be complete and no other money was suppose to be paid. during the years, I borrowed money from the policy and was paying but it was not paid in full, IN 2010, I received a letter from my military allotment athority that said my $50 allotment was returned, I called Midland and they said there was changes and I should now pay 56 dollars. so then it was changed. I told them that it has been 20 years and I should be finished my monthly payments and still have my policy, this is when I started having problems, I called month after month, and finally they canceled my Insurance, have not asked for the money I borrowed from my accumalated funds. [continued below]....
I am now looking for a lawyer to help me with this rip off company
This report was posted on Ripoff Report on 06/27/2014 05:35 AM and is a permanent record located here: http://www.ripoffreport.com/r/Midland-national-life-insurance-company/sioux-falls-South-Dakota-57193/Midland-national-life-insurance-company-they-canceled-my-policy-after-I-had-started-it-an-1157882. 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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