Report: #68948

Complaint Review: Primerica Life Insurance - Duluth Georgia

  • Submitted:
  • Updated:
  • Reported By: STODDARD Wisconsin
  • Author Not Confirmed What's this?
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  • Primerica Life Insurance 3120 Breckinridge Boulevard Duluth, Georgia U.S.A.

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My sister purchased this life insurance policy in 1992. She is now in financial trouble and would like to cash this policy in. This policy has not been pulled out of storage since purchase date.

I feel she is being ripped off as the payments are automatically deducted from her checking account, but yet she has no idea of the value because she has never recieved a statement or any corresponce from this company.

She was young and gubible when this salesperson talked her into this and didn't have any one with her at the time of purchase to advise her. She really isn't capable to purchase anything without some supervision.

How can we resolve this and get her money back?

STODDARD, Wisconsin

This report was posted on Ripoff Report on 10/13/2003 09:38 AM and is a permanent record located here: https://www.ripoffreport.com/reports/primerica-life-insurance/duluth-georgia-30199-0001/primerica-life-insurance-co-have-been-paying-since-1992-and-have-not-recieved-a-statement-68948. 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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#2 UPDATE Employee

there is no value of her policy unless she dies

AUTHOR: Connie - (U.S.A.)

POSTED: Monday, October 13, 2003

Im sorry to hear about your sisters bad luck but Primerica only Sells term insurance which is pure protection and there is no savings account attached. but if your sister followed them correctly she should have a nice sized nest egg of money built up because you are supposed to buy term and invest the difference. So an answer to your question there is no value of her policy unless she dies. She has not go statements because there is nothing to state. Because it is not Cash Value because that is the biggest rippoff in the world. So why dont you people rip on cash value agents. Because if you people would do some research at the library instead of the internet you might find that everything that this primerica company tells you is true and that you people are really getting ripped of by Cash Value Life insuance agents. by hundreds of thousands of dollars. and most people dont even know it.

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#1 Consumer Suggestion

Bad News, NO CASH VALUE...

AUTHOR: Krista - (U.S.A.)

POSTED: Monday, October 13, 2003

If you purchased life insurance through Primerica... it was term insurance which means that it HAS NO CASH VALUE... you will not be able to "cash it in"


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