My husband purchased a $10,000 life insurance policy in 1999.in he double the life insurance to $20,000. I found several policies dated November. I found notes from my husband explaining that he doubled the insurance to $20,000. The payment slips went from $319 every six months to $344 every six months. When I tried to cash in the policies in the insurance company claimed that he had $10,000 in life insurance and the other policy was "accident" insurance. I believe that this company "flim-flammed" him or confused him into buying accident insurance instead of life insurance. I looked at the bills that were paid and this company makes no mention of accident insurance on the bills. I have no accident policy in my records.
All insurance companies: health, car, house, etc., send out an annual statement of "exactly" what kind of insurance you have and what is covered. I believe that Physicians purposely does not send out such a statement. We received only a "Payment Coupon" every six months and there is no mention of accident insurance, only life insurance.
I wonder if this company makes it a practice to take advantage of senior citizens.
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