When I applied for an Annuity, I was getting over a stroke and received an inheritance of, well, a lot. Was scared to have that much money in checking acct and my "tax" guy told me to do this. I trusted him. He lied about nearly everything. He is considered by the company to be an Agent. When I realized that the penalties were outrageous, I asked to see a copy of the policy. Never got one. Finally, after almost 3 yrs I get one. It says if you don't want the policy to return it in 20 days and all premiums will be refunded. I was told that they were getting 11% interest. When I requested $35,000 to get some land, I was charged almost $10,000 in penalties. They have said they will give me my money back, but will not refund ANY of the penalties and will only give me 3% interest. They refuse to even try to talk to me about this. I recorded their agent lying to me and recorded THEM, as well. Legal in TN. I feel like I have them dead to rights on this, but they are being real jerks about this. I told them I wanted the remainder of the original amount plus the penalties reimbursed plus 6%. They are trying to bully me and here I am a disabled veteran and that's the only break I'll probably ever have in my life. Between the company and their "agent" they made a pretty penny from my money and if I hadn't "gotten wise' about this, they would have gotten it all. NEVER DEAL WITH ALLIANZ. They are crooks from the word GO.
Sure wish I could talk to anyone who has any knowledge of how to get my money back... the money I deserve.