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Report: #1147497

Complaint Review: Liberty National Life Insurance Company - Nationwide

  • Submitted:
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  • Reported By: AgentSmith — Alabama
  • Author Not Confirmed What's this?
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  • Liberty National Life Insurance Company Nationwide USA

Liberty National Life Insurance Company Unethical, boiler-room scam artists Nationwide

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Right, Ilistened to their speil. I got dazzled with the BS about how much money I can make.

 So my first week I am told to call our book of business, locate all the people with term policies, call them, tell them that they are about to lose their policies due to policy expiration, or their premiums are set to skyrocket, set up an appointment and convert some of it to whole life.

 I did. Turns out, some of the old term policies wouldn't expire until the insured is nearly 100! Or the current term wouildn't expire for another 5+ years. Or I see a copy of their currrent policies and see that it is a real good policy and conversion to term would be more costly in the long run... So in other words, I was told to screw clients.

 I had another client looking for 200,000 insurance on himself. He has diabetes. The most I can write on him is 15K and it would cost him 150 a month. I was told to tell these sorts of clients that only we can insure them because of their diabetes. Not true at all. He found another company to insure him for 200K for the same monthly premium...

 LibNat lies its but off to every client. To its agents, agency owners. To everyone.

 An Ex-Agent with Liberty National

This report was posted on Ripoff Report on 05/17/2014 09:36 AM and is a permanent record located here: https://www.ripoffreport.com/reports/liberty-national-life-insurance-company/nationwide/liberty-national-life-insurance-company-unethical-boiler-room-scam-artists-nationwide-1147497. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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