- Report: #1480079
Complaint Review: Allianz Life Insurance Company of North America - Minneapolis MN
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Author Confirmed
Why?
Allianz Life Insurance Company of North America
PO Box 59060 Minneapolis, 55459-0060 MN, United States
Phone:
800-950-1962
Web:
www.allianzlife.com
Categories:
Business Rating:
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Tell us has your experience with this business or person been good?
Allianz Life Insurance Company of North America Premium increase of 368% and reduction of Accumulated Value by 450% with no notice of pending changes. Minneapolis MN
Allianz Life Insurance Company increased my quartly premium payments from $128 to $472 and decreased my accumulated value from $2500 to $550 without any notice of the pending increase and giving me a chance to cancel the policy before the rate increase.
I have had this policy for over 30 years with no changes, until now, and have over $14,000 in paid in premium payments. I am 74 and it is obovious that this company is scrubing all its senior customers in order to reduce near furure liabilities. I have asked the company for my last statement's balance of $2,500 and cancel the policy. So far they have refused to do this with no rational explaination. I find this an outragious and shoud be an illeagle business practice.
