Deceptive and Misleading Practices of
Northwestern Mutual Life Insurance Company
I have been the victim of a deceptive and misleading representation by a Northwestern Mutual Life Insurance (NML) sales agent.
The agent failed to make any mention of policy loans, interest costs, and the potential for taxable "phantom income" (Surrender Squeeze), or dishonestly exaggerate the benefits and purpose of life insurance.
The agent misrepresented NML's actual rate of return as being 30 to 50% higher than reality.
The agent told me that I could get free life insurance by using dividends or cash values from one policy to pay the premiums for another.
The agent told you that my cash value was like dividends in a savings account?
Theagent told you that taking a policy loan would just simply reduce the amount of your life insurance.
If any of this seems familiar to you, then you too have been defrauded.
Policyholders that have purchased Northwestern Mutual insurance based on similar "language" being used by their sales/financial representative have been victimized by fraudulent sales practices.
All parties who have been so victimized, and are interested in joining a class action law suit against NML, please go to
http://www.nmlclassactionlawsuit.com for more information.
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