Fidelity & Guaranty Life Have a univeral policy that is to get interest but never explain how much fees i will pay I had taken it out in 1998 and it is now 2012 paid 77.17 dollars amonth and only have 9523.38 as of may of 201 took more fees then in my policy for savings on retirement which was describe i will get 60000.00 when policy was pd in full for 30 years lincoln, Nebraska
This insurance policy was to have benifits of interest and savings but in my calulations I am not saving anything for they have two sorts of fees one is expense fee whichgoes up and down each month ranges from 5.00 to 12.72 and then less cost of insurance which is now 5460 to 54.98 what the heck. I was told I have interest capped the highest to 6.50 and lowest 3.50 percent I started this policy in 1998 so if you figure 77.17 dollars a month by 12 is 926.04 times that by 14 years equals 12964.56 right and that without interest right now have 9523.38 so they have taken about 6000.00 dollars between interest and my money. I was told that by the time 30 years was up I should have saved about 60000.00 which 3000.00 I would not get back and 20000.00 would be put aside for my death Does anyone calulate this not me really upset RIPPED OFF