Complaint Review: Principal Life Insurance Company - Nationwide
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- Author Not Confirmed
- Principal Life Insurance Company Nationwide USA
- Phone: 800=247-9988
- Web:
- Category: Insurance Companies
Principal Life Insurance Company RIP-OFF – PRINCIPAL LIFE INSURANCE! If you own or are thinking about buying a Universal/Flexible life insurance policy from Principal Life Insurance (Des Moines, IA), READ THIS! The policy is a RIP-OFF unless you die before your life expectancy date. If you live past this date (as I have), you will receive an ominous, demanding letter saying that you are in a grace period and unless you pay big bucks, your policy will be cancelled. You could receive several options on continuing your policy but it may be at least 6 times your present premiums. ALSO, YOU COULD BE PAYING MORE (IN TOTAL) THAN THE TOTAL DEATH BENEFIT. If you already have a policy like this, you may want to consider canceling it! Des Moines , Iowa Nationwide
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RIP-OFF – PRINCIPAL LIFE INSURANCE! If you own or are thinking about buying a Universal/Flexible life insurance policy from Principal Life Insurance (Des Moines, IA), READ THIS! The policy is a RIP-OFF unless you die before your life expectancy date. If you live past this date (as I have), you will receive an ominous, demanding letter saying that you are in a grace period and unless you pay big bucks, your policy will be cancelled. You could receive several options on continuing your policy but it may be at least 6 times your present premiums. ALSO, YOU COULD BE PAYING MORE (IN TOTAL) THAN THE TOTAL DEATH BENEFIT. If you already have a policy like this, you may want to consider canceling it! DO NOT DO BUSINESS WITH PRINCIPAL LIFE INSURANCE COMPANY. I have been paying premiums faithfully, on time for 25 years and I am being punished for living beyond the normal life expectancy. If I had it to do over, I would not have bought this policy.
This report was posted on Ripoff Report on 06/11/2014 02:46 PM and is a permanent record located here: https://www.ripoffreport.com/reports/principal-life-insurance-company/nationwide/principal-life-insurance-company-rip-off-principal-life-insurance-if-you-own-or-are-1154010. 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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