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Report: #315656

Complaint Review: Welcome Funds - Boca Raton Florida

  • Submitted:
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  • Reported By: — san marino California
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  • Welcome Funds welcomefunds.com Boca Raton, Florida U.S.A.

Welcome Funds life insurance settlement, viatical, life insurance Boca Raton Florida

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Last year in February 2007 I officialy sold my policy through a company called Welcome Funds. My insurance agent advised me I could get a sizable amount and didnt want to pay any more premiums. I had a 400k policy and later recieved 99 thousand for it. My agent said that he was getting 12k commision and welcome funds was taking 4,000. I later learned that my life insurance agent was duped and Welcome Funds actually made over 20,000, thats money that could have gone to me and my agent and they went behind our backs to hide all this money. The transaction was totally legal but these swindlers didnt write or explain what there total commission was.

Needless to say i got very angry and reported them to the BBB. My life insuranc eagent has cut ties with welcome funds and will never do business with these guys, how can you sleep at night???

Robert
san marino, California
U.S.A.

This report was posted on Ripoff Report on 03/07/2008 10:32 AM and is a permanent record located here: https://www.ripoffreport.com/reports/welcome-funds/boca-raton-florida-33431/welcome-funds-life-insurance-settlement-viatical-life-insurance-boca-raton-florida-315656. 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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