THOMAS's complaint:
December 22, 2013

Insurance Company: New York Life Insurance Company
Coverage Type: Life Insurance

• Marketing & Sales - Misrepresentation

I WAS OFFERED AND ADVISED TO TAKE AN ALUMNI LIFE INSURANCE THRU MY COLLEGE ST PETERS COLLEGE JERSEY CITY NJ.
I GRADUTED IN 1974.
I HAVE BEEN PAYING FOR 40 YEARS ONLY TO FIND OUT LAST WEEK THAT
THE PREMIUMS KEEP GOING UP.
THAT FACT I OK..
THE PROBLEM IS THAT THE DEATH BENEFIT DECREASES FROM $20000.00
AT AGE 65 TO $14000.00 AND DECREASES TO $10000.00 AT AGE 70.
I HAVE PAID OVER $16000.00 IN PREMIUMS TO THIS POLICY ONLY TO FIND OUT THAT THE ORIGINAL DEATH BENEFIT DECREASES.
I WAS DECEIVED IN THE VALIDITY OF THIS PRODUCT.
MEYER AND ASSOCIATES 800-635-7801
THRU NY LIFE INSURANCE 914-846-3427

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