Promise Of Decreased Payments Not MetJan 09 2013
I've been insured by Met Life for over 30 years. When I first purchased the policy I was led to believe that it was a 20 payment life policy. I didn't learn until much later that the policy is a full life policy. I was sold on this policy because so many promises were made... I should have realized that it was too good to be true. When I originally bought the policy the monthly premiums were $46 and now I'm a senior citizen on a fixed income and the premiums have grown to $162/month. The salesman told me when I purchased the insurance that unlike other policies, as I grow older the premiums would decease each month instead of increasing like other insurance companies.