My Husband and I have maintained a 20 year term life insurance policy with PRIMERICA LIFE INSURANCE COMPANY for 17 years.
In three more years, our policy would have been paid up, and we would have had the choice of either taking the money we invested in one lump sum, or using it as a paid up policy with no more premiums.
Because our children were having problems, and I also was having health problems, I forgot "ONE" payment. They cancelled our policy, and because of our newly required health problems, that are being handled carefully by our Doctor, they would not reinstate our policy, even after requesting, and receiving the payment they required.
Yes the payments were sent back to us, but now we are without insurance. We feel they did this because our policy was so close to term, and they did not want to deal with giving back our money, or possibly paying the insurance if one or both of us dies. I understand business, but I feel very strongly, that after 17 years of a 20 year term life insurance policy, one late payment should have not cancelled our insurance.
We were ripped off!!
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