Report: #1495920

Complaint Review: Wilco Life Insurance Company - formally Conseco - Nashville/ Charlotte TN / NC

  • Submitted:
  • Updated:
  • Reported By: Jayne — GREENSBORO NC United States
  • Author Confirmed What's this?
  • Why?
  • Wilco Life Insurance Company - formally Conseco PO box 305017/71214 Nashville/ Charlotte, TN / NC United States

Wilco Life Insurance Company - formally Conseco Losing coverage due to premium load increase after 20 years of consistent premium payment and no loans Waited until i was a senior to do this to me and other seniors. Nashville/ Charlotte TN / NC

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Got a letter saying that my policy entered the grace period on March 11, 2020 and unless I pay $954.00, my policy will cancel on July 11, 2020 even though they are still taking the premium I have been paying of $173.83.  This policy has been in force for about 20 years at this premium - it was moved evidently from conseco to Wilco. 

I am a senior citizen and this is unfair to me to raise the load so much that the premiums will be insufficient to cover the COI since my premiums have always been paid.  What about the interest the policy was suppose to be earning.  No help from Wilco.  I am going to get a lawyer and start another law suit. 

This report was posted on Ripoff Report on 06/03/2020 10:29 AM and is a permanent record located here: https://www.ripoffreport.com/report/wilco-life-insurance-company/nashville-charlotte-tn-nc-due-1495920. 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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