Complaint Review: Midland National Life Insurance Company - Sioux Falls South Dakota
Midland National Life Insurance Company The company agent did not disclose to me that I could not withdraw my funds without penalty for 14 years. I specifically told him I was close to retirement and would need my funds in the near future, Sioux Falls, South Dakota
*Consumer Comment: Midland National Life is trying to cover it up
*Consumer Suggestion: Contact the Company Directly
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I inquired about Midland thru my employer. I was looking for an investment that would allow me to withdraw funds to live on in the near future. The agent said I could do so without penalty. But that was a lie! I will be charged 15% on any withdrawals I make! I would never have invested if I had know this.
I also took out a loan with Midland and am not being charged 12% interest! I feel this company has an integrity problem and has dishonest business practices.
This report was posted on Ripoff Report on 04/18/2013 12:37 PM and is a permanent record located here: https://www.ripoffreport.com/reports/midland-national-life-insurance-company/sioux-falls-south-dakota-57193/midland-national-life-insurance-company-the-company-agent-did-not-disclose-to-me-that-i-c-1044332. 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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