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Report: #777860

Complaint Review: Jackson National Life Insurance Company - Internet

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  • Reported By: SusieQ — Macon Georgia United States of America
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  • Jackson National Life Insurance Company P.O. Box 25127 Internet United States of America

Jackson National Life Insurance Company Jackson National Life Insurance Liars Internet

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In 1993 I purchased a term life insurance policy on my ex-husband for $550 a year.

When the term was up I was notified by Jackson National Life Insurance Company that I could change this policy to a "cash value" policy, previousy referred to as "whole life."  Part of the premium each month would go into an investment and would be just like a "savings account."

The new cost was almost $3500 a year.  Now, almost 8 years later, it seems that they never got around to changing the policy.  So basically, I could have shredded my money each year and come out the same.  I have ZERO for my $3500 a year.

It was totally Jackson National's mistake, but BIG SURPRISE, they have no record of my phone calls or the conversion form I signed and they take NO RESPONSIBILITY!

Do not ever use this company, they will RIP YOU OFF!

This report was posted on Ripoff Report on 09/16/2011 10:25 PM and is a permanent record located here: https://www.ripoffreport.com/reports/jackson-national-life-insurance-company/internet/jackson-national-life-insurance-company-jackson-national-life-insurance-liars-internet-777860. 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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