In 2005 we were lead into buying part of a life insurance policy on a indiviual that had a expected life left of 3 to 5 years.
I paid 18,000. out of our savings and was told if that we would receive around 30,000. after the 5year period but we should know that it could be longer. the oringal policy is a 1,000,000.
Over time we tried to find out the status and was told it was a brother and brother policy and the other brothe was still alive. At the 7 period a statement was sent saying that we needed to start paying a annual premium. It wasnt that much so to not lose our savings we paid. And we paid.
Now starting in Jan. 2015 they are also charging me a maintenance fee.
I receive statments for premiums and fees but they wont ever give me any information.
I cant afford to lose my investment. I need help to stop the ripoff. If only I had never given them my money. im getting old, mad and I feel like such a idiot.