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I was never told that I had to keep my money for 16 years and suffer a penalty of over 16% the first year of withdrawal.

Submitted 2008-04-13

Defendant: Allianz Life Insurance Co. (elder abuse)

Over $109,00 of my money is invested in this company only to find out that my insurance salesperson wasn't honest in givinf me details of penalty involved. If this practice of deception continues and I need money for emergency this could be fatal! I just signed my contract a week ago.

-- Louisiana

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