- Report: #1500739
Complaint Review: Wilco Life Insurance Company - Nashville TN
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Wilco Life Insurance Company
P. O. Box 305017 Nashville, 37230 TN, United States
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Wilco Life Insurance Company In just trying to leave a little something to my children in order for them to take care of my special needs son, in 1989 I got a $100,000 Life Insurance policy. Premiums increased from $157.00 monthly to $340.00 monthly in 2018, to $498 in October, 2020, to $545.25 monthly, December, 2020 and then the monthly premium would be $623.00 beginning December 2021. All of these increases came with threats of canceling my policy. Nashville TN
In 1989, after the death of my husband, I bought life insurance policy because my husband had a life insurance policy when he passed away and the company was absolutely wonderful and they personally delivered a check to me within two days of my husbands death and I was able to take care of all my husbands funeral expenses. Because of this wonderful service I went to the same company and got a $100,000 life insurance policy. The money was taken from my account to pay for the premiums of $157.00 monthly.
In 2018 I received a letter telling me they had canceled my policy due to lack of payment. What?
I wrote to the Insurance commission. They contacted Wilco and Wilco said they were going to reinstate me one time! They increased my paymnent to $340.00. They take the payments from my account monthly.
Last month I received another letter from Wilco. The letter said they were canceling my policy because the premiums were not enough to cover the policy. What?
I called the company and was told that I was not in arears. My policy was fine.
Today I received a letter telling me that my October 2020 payment was $498.00, begining in December 2020 my monthly paynment would be $545.00. and them December 2021 my monthly premium would be $623.00.
I realize that I do not have much longer to live ( I am 86). This is rediculous to do to people who have worked and tried to take care of their families all these years and then be treated in this fashion. I have worked all my life and provided for myself until just recently when I was furloughed due to Covid. Then after being furloughed my boss called and said they had eliminated my position.
