Never Ending Payments
I purchased a variable annuity life insurance policy from Prudential in 1993. I stipulated and was "guaranteed" a policy that would be "paid-in-full" in 12 years. At the end of 12 years I was told that it would probably be "paid up" in three more years. At the end of that three years, not only was it not paid up, but Prudential increased my premium from $150/month to $238/month with no paid-up time limit at all.