- Report: #1401293
Complaint Review: Mid-West National Life Company of Tennessee - Nationwide
Reported By:
Anonymous -
Studio City, California, USA
Submitted:
Updated:
-
Author Confirmed
Why?
Mid-West National Life Company of Tennessee
Nationwide, USA
Phone:
877 658-3149
Web:
N/A
Categories:
Business Rating:
(0)
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Mid-West National Life Company of Tennessee Health Markets Be Careful North Richland Hills, Texas Nationwide
A policy was purchased from Health Markets (aka Mid-West Life Insurance Company of Tennessee). This policy was part of a national small business group. For an additional monthly fee, I purchased a "Return of Premium Rider." Basically, if the the preimums were paid regularly for 15 years (until I reached age 65) I would receive the premium payments back minus any claims. At about year 12, the insurance company cancelled all the policies in California; the company wanted to exit the insurance market in this state. Since I had not reached the end of the 15 year period I was not fully compensted and lost almost $12,000. Yes, you read that correctly - the company prevented me form completing the contract and then penalized me for not completing the contract.
Given the importance of insurance, it is imperative a company maintains the highest ethical values when dealing with their clients. I will leave it up to the reader of this post to determine if this organization meets this standard.
