For the last thee years I have called Nationwide life Insurance and asked for explanations on my life insurance policy. Seems like no one at Nationwide can provide any specific answers to my questions about my life Insurance policy. Let me explain.
• I have a $25,000 life insurance policy, with a guaranteed 4% interest rate. The policy shows it grew past the $25,000 to a policy value of $32,600 with the interest.
• Then Nationwide says the Value of Surrender rate for the life Insurance policy is now $35,300.
• Then the most troubling comment made by Nationwide is .. Nationwide Life Insurance says the Guaranteed Surrender Value of the life insurance policy is only $15,000 dollars ! And No one there at Nationwide can explain to me whether they will just pay my love ones the way lower $15,000 dollar death benefit, when the policy death benefit was originally written for $25,000 dollars! with a cumulating 4% interest rate, which grew the life Insurance policy to $33,600 !!
• This sounds like scam to me! Will they just pay the way lower $15,000 amount for the life insurance policy? short changing my love ones? c I do Not Trust a word of what Nationwide has been saying to me. So I requested written answers to these questions through the mail delivery and the internet. If I don’t get satisfactory answers, I will hire a lawyer and sue Nationwide! If this is happening or did happen to any other people, please Start complaining because this could become a Class action lawsuit against Nationwide life Insurance! I am Waiting for the written answers to my questions to arrive. If there is No clear answers, I will go to the courthouse to file a lawsuit! Against Nationwide!