ED Magedson – Founder
Woman's Life Insurance Society1338 Military St Port Huron , Michigan USA
Woman's Life Insurance Society North American Benefit Association Fraud, deception, refuse to correct error, predatory sales practice, beyond what a reasonable person would expect Port Huron Michigan
25 Years after I had cancelled a policy with Woman's Life Insurnce Society they claimed they had been loaning money from the policy to pay premiums. Allegedly the loan expird and this caused them to file a 1099-R to the IRS. This income was added to my 2011 tax year and caused me to owe back tax. When I called them and wrote them to correct the error they refused. The company claims this was part of the policy signed by me in 1980 when I was 20 years old. I tried to explain that I had cancelled the policy but they refuse to believe that claiming it was inforce for all these years.
I believe this to be unreasonable. They have had to no financial loss and I have had no finicial gain. There is no reason for them to not to correct the error. To be held to a contract that had been signed 34 years ago on a policy that was cancelled over 25 years ago is beyond what any reasonable person would expect.
This report was posted on Ripoff Report on 02/11/2014 03:26 PM and is a permanent record located here: http://www.ripoffreport.com/reports/womans-life-insurance-society/port-huron-michigan-48061/womans-life-insurance-society-north-american-benefit-association-fraud-deception-refus-1122846. 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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