American General Life
AGI, AIG my dad's life insurance was cancelled after 20 years premiums, drafts still taken, insurance denied

1. Written by mnorwood on June 16

AGI was my mom and dad's life insurance policy for 20 years. Payments were near 500 a month. When my mom died in 2007 they said the policy payments were based on her age at 79. She was 82. A deal to subtract the difference in premium payments was implemented on so that only 17,000 was paid out on a 25,000 policy. The premiums were auto pay draft. We found out soon after her death that my dad had lung cancer. Later, we were notified that a loan was taken on my dad's 150,000 policy which would
create a deficiency in the policy if an adjustment was not made. We requested that the drafts be increased so as to not cause a lapse. The auto drafts increased. Problem solved? Not a chance.in they sent us a letter saying that because of policy deficiency they CANCELLED his policy. When we tried to straighten up the situation, they wanted him to fill out a NEW APPLICATION for review (he was being treated for lung cancer NOW). My dad, now with no insurance, died before we resolved our complaint. AGI is as crooked as crooked a company could be. I think all of us who lost death benefits from this unethical company should FILE a LAWSUIT. I am only NOW recovering from their deaths and wanting justice.

Company: American General Life
Country: USA
State: Texas
City: Houston
Address: Houston, Texas

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