Business ProfileforSILAC Insurance Company

original date March 17, 2021 sales person sold me a 10 year annuity policy insisting that i could only by a 10 year policy which is incorrect he said i could take money out if i needed it i recently had a problem where i needed to move due to landlord selling my apartment the only option i had was to get a mortgage and by a small apartment so i needed to take $30,000 from the account they gave me a hard time and charged me $7,000 to withdraw money first 2 years i was told i would make interest which i made nothing they simply told me they would give me 2% going forward however IRS requires seniors to pay a percentage every year this year when i asked for an additional $120 they wanted to charge me $700 for that small amount which i felt i was being scammed this company has lied to me from the inception of this policy plus refuses to speak with me i have called them several times to no avail i want to surrender this policy and get my money out. they refuse to give me my money i am a 74 year old senior citizen with poor health cannot work and cannot live strictly on social security i am having a difficult time and would like to surrender with no penalty i believe that they are targeting seniors and lying to them so they can sign up with them they made lot's of money off of me but i have not made any money from them like promised.