Company Contact Info: CEO Ronald F. Wagley 4333 Edgewood Road N.E. Cedar Rapids, IA 52499 800-851-9777
Western Reserve Life Reviews and Customer Comments
"The products are very good."
"I would save my money and use any other company. A lot of promised that fell extremely short. Very disappointed. They also want to charge me 10K to stop the policy after one year"
"Invested 5000 in WRL/WMA in stocks and included with5K life insurance.After 13 years my investment was in the negative. They keep selling my stocks for their yearly fees. At the end after 13 years investment receive my money less than 3.5K. This is a real joke. "
"Company is very deceitful. I purchased the policy from a "Christian friend" Trusted him since the description of fees premium rates and surrender charges is impossible to read. Even the customer service reps say they cannot calculate surrender charges with the information they have. I had the policy twelve years. You would think they could negotiate for at least a portion of the ridiculous surrender charges. Other survey respondents can say all they want that it is a long term investment etc etc but guess what--life doesn't work out the way you plan it. Their statements make the case that these type of investments are not practical because you cannot react when life throws you a curveball. Then to top it off when I sent a handwritten note requesting some help on the surrender charges after paying premiums of 60000 they cashed out the policy. Then I read other people cannot get a response upon filing a claim. "