Woman's Life Insurance Society North American Benefit Association Fraud, deception, refuse to correct error, predatory sales practice, beyond what a reasonable person would expect Port Huron Michigan
25 Years after I had cancelled a policy with Woman's Life Insurnce Society they claimed they had been loaning money from the policy to pay premiums. Allegedly the loan expird and this caused them to file a 1099-R to the IRS. This income was added to my 2011 tax year and caused me to owe back tax. When I called them and wrote them to correct the error they refused. The company claims this was part of the policy signed by me in 1980 when I was 20 years old. I tried to explain that I had cancelled the policy but they refuse to believe that claiming it was inforce for all these years.
I believe this to be unreasonable. They have had to no financial loss and I have had no finicial gain. There is no reason for them to not to correct the error. To be held to a contract that had been signed 34 years ago on a policy that was cancelled over 25 years ago is beyond what any reasonable person would expect.