Universal Guaranty Life Insurance

This company is awful, we were told we had life insurance at a cost of $55. a month that was 28 years ago. now we find out, when we are ready to retire that we have to pay $230. a month for the same coverage and it will continue to go up. This was never explained to us this way and we can't afford …

This company is awful, we were told we had life insurance at a cost of $55. a month that was 28 years ago. now we find out, when we are ready to retire that we have to pay $230. a month for the same coverage and it will continue to go up. This was never explained to us this way and we can't afford that much money a month now we have to decrease this amount. After giving them $18480. in premiums we would have been better off just investing that money ourselves with out any insurance, we would have come out better at the end. I wish we could just cancel but at the age we are, we won't be able to get any insurance. They certainly have us over a barrel and we are the loser. If you are considering this company for insurance don't because it is a rip off invest your money else where.