• Report: #999990
Complaint Review:


  • Submitted: Sat, January 19, 2013
  • Updated: Sat, January 19, 2013

  • Reported By: Anonymous — Vacaville California United States of America
4333 Edgewood Rd NE, Cedar Rapids Iowa 52411-9903 PO Bx 5068 Clearwater, Florida United States of America

WRL INSURANCE COMPANY Parent company, Transamerica We were encouraged to let our wife option go when my husband retired from his Union Job--- we were promised that we could dougle or triple our money and be far better off in our retirement than if we PO Bx 5068 Clearwater, Florida

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WRL was sold to us by someone I considered to be a friend.  However, he since moved left the business and went back to Utah, probably to try and hide from all of the disgruntled investors.

We were told to cancel our Wife Option when my husband retired, under the pretext that we could double or triple our money through WRL as an investment and Life Insurance.

Instead the stocks are nearly non-existent now, yet we have to continue to invest in them
This month we were "hit with double the normal amount due, on both policies.  "Double Rip-Off is more like it!!

We will be seeking legal counsel!!!

Trish,  Vacaville, California

This report was posted on Ripoff Report on 01/19/2013 11:50 PM and is a permanent record located here: http://www.ripoffreport.com/reports/wrl-insurance-company/po-bx-5068-clearwater-florida-33758-5068/wrl-insurance-company-parent-company-transamerica-we-were-encouraged-to-let-our-wife-opt-999990. 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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