All Life Insurance Tips

My mutual funds rep has me in debt to a life insurance company because of low mutual fund performance. Help?

No claims have been made. My initial investment was $5,000. Now I get statements from the insurance company saying I must pay $6,500 if I pull out. I have repeatedly told him I was worried that this would happen. He says "no worries". What are my choices?

Public Comments

1. Doesn't make sense! I can understand a penalty, I can also understand a poor performing mutual fund. 98% of all managed mutual funds are down for the year. Read your policy, it will state what your early withdrawl penalty will be. If your mutual fund has gone down more than 40%, your rep really sucks. If you find their is fraud, you will have to get with your attorney general.
2. Hi, I used "Credit Solution" to settle my debt and avoid bankruptcy.They managed to reduce my debt up to 58%.It's legitimate,I came across this company on NBC News Special Edition.Check it out here: http://CreditSolution01.notlong.com