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Report: #1414158

Complaint Review: National Life - Montpelier Vermont

  • Submitted:
  • Updated:
  • Reported By: Charles — Rogersville Tennessee United States
  • Author Confirmed What's this?
  • Why?
  • National Life one National Drive Montpelier, Vermont United States

National Life Continued to draft my bank account after term was up, more than 14 times the original premium. Montpelier Vermont

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My termlife policy was to end on the 27th on November. The premium was $108.00 per month drafted from my bank.

The life groug say that they sent a letter to me that the premium would be $1592.36 begining on Nov. 22, 2017.

The life group said that the letter was returned,wrong addrerss, that was in Oct24,2017, yet they were able to send a letter to the correct in January 13, 2016- and the returned letter on November 20, 2017.

I've informed my bank to stop payment and have called National Life and e-mailed them that they taken my money and I want it returned to me. So far they have not returned the money. The term was for 15 years and it stoped but National Life has found a way to get more premium dollers by ripping off old people.

The ammount they took was 3/4% of my monthly income.

So beware if you have a term policy that is drafted from your bank. 

This report was posted on Ripoff Report on 11/29/2017 02:30 PM and is a permanent record located here: https://www.ripoffreport.com/reports/national-life/montpelier-vermont-05604/national-life-continued-to-draft-my-bank-account-after-term-was-up-more-than-14-times-th-1414158. 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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