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  • Report:  #999990

Complaint Review: WRL INSURANCE COMPANY

WRL INSURANCE COMPANY Parent company, Transamerica We were encouraged to let our wife option go when my husband retired from his Union Job--- we were promised that we could dougle or triple our money and be far better off in our retirement than if we PO Bx 5068 Clearwater, Florida

  • Reported By:
    Anonymous — Vacaville California United States of America
  • Submitted:
    Sun, January 20, 2013
  • Updated:
    Sun, January 20, 2013
  • WRL INSURANCE COMPANY
    4333 Edgewood Rd NE, Cedar Rapids Iowa 52411-9903
    PO Bx 5068 Clearwater, Florida
    United States of America
  • Phone:
    1 800 851 9777
  • Category:

WRL was sold to us by someone I considered to be a friend.  However, he since moved left the business and went back to Utah, probably to try and hide from all of the disgruntled investors.

We were told to cancel our Wife Option when my husband retired, under the pretext that we could double or triple our money through WRL as an investment and Life Insurance.

Instead the stocks are nearly non-existent now, yet we have to continue to invest in them
This month we were "hit with double the normal amount due, on both policies.  "Double Rip-Off is more like it!!

We will be seeking legal counsel!!!

Trish,  Vacaville, California

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