Is Bankers Life and Casualty Company a scam?
No. Established in 1879 in Chicago, Bankers Life and Casualty Company focuses on the insurance needs of the retirement market. The nationwide company, a subsidiary of CNO Financial Group, Inc., offers a broad portfolio of life and health insurance retirement products designed especially for seniors.
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How do you find out if a Cancer Policy from the Life and Casualty Insurance Company of Tennessee has any value?
I doubt that there's any cash value to the policy. Call the company and ask, or read the policy. The value is in the payments if G-d forbid you were to get cancer.
Jackson National Life Insurance Co. 1-800-565-9044
Before an insurance company can sell insurance in a certain state, it must register with the State Dept of Insurance. If the company is sold, then it must notify the Dept of w…ho it was sold to. If it just closes down, its policies were likely sold to another company, the Dept will have to be notified of that as well. Contact the TN Dept of Insurance and inquire there. . Need to know how to contact National Life and Accident Ins. Co. My Mother passed away and she has a paid up policy but I don't know who to contact.. My Name is Shirley F. McDowell. email: firstname.lastname@example.org. Mothers name is Margaret Hauck
My experience has been overwhelmingly BAD!!! First of all my father sold a house and his Bankers Life agent sold him an annuity with the monthly payout just enough to cover… the long term care he also sold him (2 commissions for the agent I'm sure). The agents sell the long term care, and no small part of the pitch is buy it now while your rates are still low. What they don't tell you is the rates can (and most likely will) go up. Just before my parents started to collect on their policy they received yet another rate increase, this time 35%+/- over 2 years. Along with the rate increase and premium notice is an option to reduce the benefits or extend the elimination period (also effectively reduces benefits). Now that they are collecting benefits, it has become part time job for my lovely wife to try to get the checks. Certainly more times than not a follow up call is needed to get the checks. Both polices have a premium waiver, which means after a certain point of collecting benefits they would no longer need to pay premiums. We paid the premiums up past the point of the waiver, and Bankers Life then acknowledged the waiver period and returned the unused portion of the overpayment, AND THEN CANCELLED THE POLICIES FOR NON-PAYMENT! After missing the first months check we contacted Bankers Life and were told they needed some additional paperwork which we provided AGAIN. Called back and were told it was in review/processing (you will hear that a lot). The second month of non payment occurs and we are told that it is still in review/processing. Heading into the 3 rd month I get a call from a Bankers Life agent that he wants to sit down with me and discuss my insurance needs. I invited him over and asked for help with the problem, he used his access code to get through to someone that given the possibility of another sale found out that the policies had been cancelled for non payment of premiums - all this time the help line had been shining us on over review/processing. Armed with copies of the letters and refund checks from Bankers Life the back payments were collected and the payments have been made. However it is now 12/28/10 we are still waiting on the November checks - guess what? They are still reviewing/processing that month. Now my mother is scheduled for some sort of review, Bankers Life has arranged for a nurse to visit the facility and my mother. So far the review was assigned by Bankers Life on 12/20 to a service, the nurse contacted me to set it up on 12/21, the meeting was scheduled for 12/27, the nurse was a no show, I contacted Bankers Life found out how to contact the scheduling company, it has now been rescheduled for 12/29 and it is my guess that this will also be used as a delaying tactic for this months check - we will see. Additional useful information is my father is 91 and suffering from Moderate to Severe Alzheimer's Dementia, my mother is 93, has difficulty standing, suffers from Arthritis and is entering into early stages Alzheimer's herself. They live in an assisted living facility where all their meals are provided, along with some laundry services, housekeeping assistance and help with bathing as needed. They no longer drive and rarely leave the facility. On the upside they love it where they are.
They are currently under investigation by the Better Business Bureau and the Justice Department. For over 20 years my folks paid premiums to Bankers Life for long Term Care In…surance. When mom finally needed it - they jerked us around for a year before she could get help. Now they sent a letter to my 91 year old father saying his policy lapsed. He was not sent a bill. He was not contacted so he could pay his annual dues. They sent a letter to him after the date he had a chance to get it reinstated without a fight. This company is not reputable.
What exactly do you want to know?. Are you going to be an agent on commission or a salary employee?
be very careful I do not believe they have the financial depth to handle the financial monsoon that this need will cost in the future Look to the top 3 or 4 Long Term Care co…mpanies GW JH and Met
In short? Yes. After Conceco or CNO got involved with Banker, they have been in steady decline. They are unreliable for claims and cant keep agents around. Multiple rate incre…ases on LTC insurance and they have pulled out of the Medicare supplement market. Choosing to offer another insurance companies Medicare product. They sell Home care insurance and call it Long term care insurance which by Medicares definition, is NOT LTC insurance. They push annuity products to anyone they can and have been sued, investigated and fined all over the USA.
Yes it is and is now owned by American General Life and Accident which is based in Nashville TN. Phone 1-800-888-2452
Virginia Life & Causality policies are now serviced by: United Insurance Company of America 1-800-777-8467
Try American National Insurance Company, P. O. Box 696840, San Antonio, TX 78269
Corrupt at top crooks sales at all cost the worst products in the industry
Bankers life and casualty has been around for over 130 years and has over 12 billion in assets. Bankers pays claims within 7 to 10 business days. There are more than 200 branc…h offices and paid out more than $1.2 billion in policy benefits in 2009.
Life insurance companies tend to be working with more money than property and casualty insurance, in most cases.
Policies of the Bankers Life and Casualty are geared to needs and requirements of the retirement community. Some policies offered are life insurance, annuities, long term car…e and Medicare products.
The services that the company Bankers Life and Casualty Insurance offers is mostly insurance. Some of the insurance they offer are life insurance, long term care insurance and… annuities.