Posting this to see if anyone else has had a similar experience.
My family has held a “Health and Wealth Plan” originally sold by Clerical Medical (now administered by RL360 Services) since the early 1990s.
It was positioned as a long-term financial / retirement plan.
Over time, we contributed around USD 67,000.
As of 2026, the surrender value is about USD 25,656.
What’s concerning is that this wasn’t just a bad year or market dip—the value has been consistently declining over the past decade, with no meaningful recovery.
We’ve also received communication indicating the plan may no longer be sustainable and could eventually lapse with no value.
So instead of long-term growth, it looks like a gradual erosion of capital.
We’ve already raised this with RL360 and escalated to regulators, but I wanted to ask:
Has anyone else experienced this with RL360 or similar legacy policies?
Were you aware of how these plans are structured (fees, sustainability, etc.)?
Did anyone manage to get a better settlement or resolution?
Not making accusations—just trying to understand if this is an isolated case or a common pattern
Anyone here lost money on an RL360 / Clerical Medical "Health and Wealth Plan?
byu/maximusbulldog inpersonalfinance
Posted by maximusbulldog
1 Comment
Whole life insurance is a common topic here. Generally speaking, they are combination insurance/investment vehicles with very high up-front costs and very poor performance as insurance and as investments.
They are usually legal so don’t expect relief from regulators. Best advice around here is to stop paying the premiums and “surrender” the policy. Then put the proceeds into ‘regular’ insurance and ‘regular’ investments (see the FAQ).