Consumer reviews and reports on scam companies, bad products and services
MetLife Insurance Co. Deceptive client advice, unauthorized outrageous administrative fees Des Moines, Iowa
4th of Nov, 2011 by User270813
I am a 64 year old public school teacher with a retirement annuity account with MetLife Insurance company. I experienced a personal emergency (divorce) where I needed to withdrawal funds to buy my partner out of our joint owned property. I asked the advice from my local MetLife agent who told me that I would have to pay the state and federal taxes when I made the withdrawal. After the transaction was completed and I received my check there was a $3500. processing fee taken from my retirement savings. I was never advised that there would be any fee and feel this is beyond reasonable and also a deceptive business practice. Shame on you MetLife for stealing money from a teacher's retirement annuity. Please help with any legal recourse I can take.

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