Mid-West National Life Company of Tennessee Health Markets Be Careful North Richland Hills, Texas Nationwide

A policy was purchased from Health Markets (aka Mid-West Life Insurance Company of Tennessee).  This policy was part of a national small business group.  For an additional monthly fee, I purchased a "Return of Premium Rider." Basically, if the the preimums were paid regularly for 15 years (until I reached age 65) I would receive the premium payments back minus any claims.  At about year 12, the insurance company cancelled all the policies in California; the company wanted to exit the insurance market in this state.  Since I had not reached the end of the 15 year period I was not fully compensted and lost almost $12,000.  Yes, you read that correctly - the company prevented me form completing the contract and then penalized me for not completing the contract.

Given the importance of insurance, it is imperative a company maintains the highest ethical values when dealing with their clients.  I will leave it up to the reader of this post to determine if this organization meets this standard.