Complaint Review: Wilco Life Insurance Company - Nashville TN
- Wilco Life Insurance Company P. O. Box 305017 Nashville, TN United States
- Category: insurance
Wilco Life Insurance Company In just trying to leave a little something to my children in order for them to take care of my special needs son, in 1989 I got a $100,000 Life Insurance policy. Premiums increased from $157.00 monthly to $340.00 monthly in 2018, to $498 in October, 2020, to $545.25 monthly, December, 2020 and then the monthly premium would be $623.00 beginning December 2021. All of these increases came with threats of canceling my policy. Nashville TN
In 1989, after the death of my husband, I bought life insurance policy because my husband had a life insurance policy when he passed away and the company was absolutely wonderful and they personally delivered a check to me within two days of my husbands death and I was able to take care of all my husbands funeral expenses. Because of this wonderful service I went to the same company and got a $100,000 life insurance policy. The money was taken from my account to pay for the premiums of $157.00 monthly.
In 2018 I received a letter telling me they had canceled my policy due to lack of payment. What?
I wrote to the Insurance commission. They contacted Wilco and Wilco said they were going to reinstate me one time! They increased my paymnent to $340.00. They take the payments from my account monthly.
Last month I received another letter from Wilco. The letter said they were canceling my policy because the premiums were not enough to cover the policy. What?
I called the company and was told that I was not in arears. My policy was fine.
Today I received a letter telling me that my October 2020 payment was $498.00, begining in December 2020 my monthly paynment would be $545.00. and them December 2021 my monthly premium would be $623.00.
I realize that I do not have much longer to live ( I am 86). This is rediculous to do to people who have worked and tried to take care of their families all these years and then be treated in this fashion. I have worked all my life and provided for myself until just recently when I was furloughed due to Covid. Then after being furloughed my boss called and said they had eliminated my position.
This report was posted on Ripoff Report on 10/09/2020 08:12 AM and is a permanent record located here: https://www.ripoffreport.com/report/wilco-life-insurance-company/nashville-tn-just-trying-take-1500739. 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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