Consumer reviews and reports on scam companies, bad products and services
Jackson National Life
Jackson National Life Insurance Company Jackson National Life Insurance Liars Internet
15th of Sep, 2011 by User975970
In 1993 I purchased a term life insurance policy on my ex-husband for $550 a year. When the term was up I was notified by Jackson National Life Insurance Company that I could change this policy to a "cash value" policy, previousy referred to as "whole life." Part of the premium each month would go into an investment and would be just like a "savings account." The new cost was almost $3500 a year. Now, almost 8 years later, it seems that they never got around to changing the policy. So basically, I could have shredded my money each year and come out the same. I have ZERO for my $3500 a year. It was totally Jackson National's mistake, but BIG SURPRISE, they have no record of my phone calls or the conversion form I signed and they take NO RESPONSIBILITY! Do not ever use this company, they will RIP YOU OFF!

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