Allianz Life Insurance Company increased my quartly premium payments from $128 to $472 and decreased my accumulated value from $2500 to $550 without any notice of the pending increase and giving me a chance to cancel the policy before the rate increase. I have had this policy for over 30 years with no changes, until now, and have over $14,000 in paid in premium payments. I am 74 and it is obovious that this company is scrubing all its senior customers in order to reduce near furure liabilities. I have asked the company for my last statement’s balance of $2,500 and cancel the policy. So far they have refused to do this with no rational explaination. I find this an outragious and shoud be an illeagle business practice.
This complaint and/or review was posted on HolySmoke.org on 22:08 pm, July 29, 2020 (CST) and is a permanent record located at: https://www.holysmoke.org/scam/allianz-life-insurance-company-of-north-america/.
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