21 Nov, 2018 → by ClaimboUser16415
Universal Life What joke

1

Purchased this policy in 1990 for investment said was for 50k life , and a great investment paying 9% lntrest at that Time with guaranteed interest of 4.5% have not received a statement of account for several years. Was told sent to my old address well my brother has lived there ever sense we moved he said never saw any mail from Alfa and they have been deducting $60.00 month from my checking account was just contacted by agent said policy would not be any good in couple months wow . I am 100% disabled veteran 70 years old how the heck this company can get away with this there is no way I will be able to afford any other insurance. I have been making my payments for 29 years and now they tell me my surrender value is $906.50 wow What a investment. Would not recomend Alfa for anyone else for I was deceived from the day I purchased this policy. Boy they sure did not miss getting there monthly payment.
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