California Regulators Blast Accordia and Athene Over Policy Administration

Jun 13, 2018

  1. Northeast Agent
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    Northeast Agent Super Genius

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    MisterSir likes this.
  2. MisterSir
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    MisterSir New Member

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    State:
    California
    I lived this nightmare! Accordia ran rough-shod all over my book of "Aviva" business, failing to collect premiums for MONTHS on end, then sneaking into client bank accounts and pulling massive, unauthorized "catch-up" drafts, without warning. Also failed to produce annual statements on cash accumulation policies, so that it was impossible to follow policy performance, or compare to original illustrations. Took endless phone calls to their "support" desk, before I was finally connected to legal department at Global Atlantic Financial, and secured a penalty-free departure for all IUL cases, which I x-fered via 1035 to other carriers. Take it from me... these guys SUCK. Place any business with Accordia, Athene, or Global Atlantic at your own risk!
     
    DHK likes this.
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