Bankers Life and Casualty Company - bankers life and casualty

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Nov 27, 2010
review #208941

Bankers is a great company to work for.It has changed my life.

The company offers products our seniors need. I believe in every product they offer wholeheartedly and have recommended them to my own parents. Those of you posting negative comments about working for this company are lazy and were unsuccessful because you did not put the work in that is required. Nothing is handed to you.

Bankers offers a great career while helping the most vulnerable, our seniors!

I was taught from the first day of trianing that the senior population is too be respected and that they are responsible for making our Nation as great as it.anyone who says differently is lying.

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Bring Back Fairness Doctrine

Sep 06, 2013 Fair Oaks, California

Banksters Life and Casualty Company should join up with University of Phoenix online college. They both use suspicious tactics to push their products. One to sell minimal insurance for high prices and soak the elderly, the other to sell low quality education as high quality education and soak the tax payer through the federal department of education. Well both are Wall street investments, so what do you expect from a bunch of thieves. Oh and both are under investigation for suspicious selling methods. What a coincidence.

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Mike jaydick

Feb 23, 2013

Products are over priced, agents are all brand new being misled by management, Just stay away

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anon

Jan 29, 2013 Concord, New Hampshire

What is sorely lacking in Bankers Life is their documentation and online access to a personal account and forms. No history is given on mailed account notifications. It's like they are still using inkwells and quills at the home office. I am very disappointed with the company in general.

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Sorry Me

Sep 22, 2011

My mom purchased a long term care policy in 2004...she knew she didn't want to be a burden, nor did she want to go into a convalescent home. Since April of this year, 2011, we have been trying to get Bankers to accept and pay for mom's long term care. She is attending a day care presently, we just received approval. Her homecare aid is still not approved. I have to say my agent is a godsend...he is working very hard for us, and he's as frustrated as we are. I am my mom's caregiver. It's a very stressful situation to begin with, but the uncooperative attitude from the claims dept with our homecare claims is just adding to it tenfold.

After almost 6 months of constant refusals, I finally complained to our state insurance commissioner. If I had to do business with any insurance company...I'd pass on Bankers.

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To:  Blow Me

Jun 27, 2011

Hey Joe, your sorry excuses, and claimless products, don't justify the 4 years you've spent taking advantage of your favorite target 'seniors'. You have bought into the cult and live in a world that Bankers has constructed for you. Sadly, you actually believe, the ole 'have and not need it' mantra, and think it fine that they are betting you won't need it, thus making them money. When claims are filed appropriately and 'lost', require unrequired paperwork, then not paid till they "give up or die", you are fine with that. You are the exact example of a scamming, usless agent that gives insurance a bad name, and your company is beneath comtempt, no matter how you try to justify it in your own small mind.

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Joe Blow

Jun 26, 2011

To all you people that think we are scammer's. First off I've been in the insurance buisness for 8 years. I've worked for 3 companies. I've been with bankers this is my 4th year. This is the first legitimate company I have ever worked for. we work with the senior market yes. Why? Because everything changes in a Seniors life as soon as they turn 65 from health to health insurance to being in the last quarter of there life. Real decisions and real planning has to take place. how many seniors do you know that are not taking prescription medication for something. it's a natural transition in life our bodies wear out. So they are going to need a different level of care as they get older. children live to far away to take care of them. and most children are over extended in there bills and can't financially afford to take on mounds of doctor or hospital bills and certainly can't afford to put them in nursing homes paying 60k a year. cause guess what Medicare doesn't pay for it major medical doesn't pay for it. you've got three options self insure, Medicaid(welfare), or private insurance(long term care insurance). and there are so many other examples did you all know that insurance companies have to pay to the letter the terms and benefits of the listed policy. are these companies going to make sure that there are no fraudulant claims of course they are wouldn't you. when you buy insurance the company is betting that your not going to need it and they are going to... Show more

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To: lol, you DA

Mar 30, 2011

The times posted are not actual. They are another time zone. 10:05am here. No alcohol involved. Podium: well earned. Subject: the sorry company that is Bankers Life and Casualty , a subsidy of the sorrier, previously bankrupt Conseco, now known as CNO Financial Group. The concept: Bankers Life and Casualty Company scams job seekers, clients, the states, the shareholders. You: a POS.

Sadly you sit at night and post junk defending these morons.
The idea of insurance is valuable. The protection against risk is valid. The methods and tatics of Bankers is intolerable. It'll be stopped. The lazy card has long since worn thin.
Oh, BTW, plenty of clients and their families have posted here, lamenting the losses they have incurred, as a result of the arbitrary denial of the claims, the loss of time and money, and care they did not recieve.
You can post your comments, such as they are, however, you have never directly responded to the abject disregard for ethical business practices that most companies conduct, but not Bankers Life. You are a pitiful enabler of the lowest kind, Igor. You should not be exposed to a new recruit, or a prospect.
So drink some more in the night, and think up more excuses.

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Bankerized...

Mar 30, 2011

Bankers agents always go to the "lazy" card when anyone disagrees with the companies business practice. The truth is that Bankers wanting to protect seniors from financial ruin due to long term care or providing good medicare supplement insurance is not the problem with the company. These are valid points. The problem is the not the concept, its the execusion of the benefits and the cost of the plan and the unknowlegeable new agents selling these plans. The unsuitable placement of insurance products and bait and switch mentality of the agent force.

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Mar 22, 2011 Novelda, Valencia

I love columns filled with pointless blogs from uneducated people that can’t support any of exaggerated allegations with one concrete fact. Most typed at night, obvious coupled with a host of intoxication, bring nothing but rants filling with profanity and unjustified emotion. Funny there is not Bankers client rolling on and on like an imbecile on here. And the same goes for these pointless websites as well. What 2011 and Google gives, is the common *** a podium, where one would have to earn such in generations past.

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U said it Greed

Dec 24, 2010

I agree, you and anyone who works for Bankers Life are *** door to door agents!!! You are a licensed crook!!! Bankers agents need to stay away from Grandma and Grandpa and quit selling AS YOU STATED YOU *** low benefit paying worthless piece of sh-- insurance policies. Granny and Paw would have the money banked and saved to take care of their medication and groceries, but you elderly predators *** them in to paying EXPENSIVE premiums that most CAN NOT afford. You're right again you greedy SOB about the families having to quit their jobs to take care of their family members and pay for these seniors expenses AFTER BANKERS ROBS THESE SENIORS BANK ACCOUNTS OF THEIR LIFE SAVINGS AND THEN DO NOT, DO NOT, DO NOT, PAY ANY F'in BENEFITS!!!!!!! This is why the US SEANTE is INVESTIGATING BANKERS, BIG INVESTIGATION because of you *** artists ripping off the elderly. You could care less you SOB about these elderly people, all you care about is the commission in your pocket. I hope your a-- and the whole F'in Bankers is out of business when this investigation is over!!! Your day will come, YOU are the one who has to stand alone in front of God knowing it was morally wrong to steal from these elderly. It's easy to steal and make a hefty living from these poor trusting souls. BUT YOU WILL PAY IT ALL BACK WITH YOUR OWN SOUL, pitchfork in He--!! If you believed in what you're doing you wouldn't be worried about this site.
Job seekers stay away. Bankers is ***, trash and hopefully in
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Dec 23, 2010

Wow, I'm apparently greedy and out to rip off seniors because I sell long term care insurance and life insurance. I am the *** of the earth because I get my paycheck from other people's money.

Yes Banker's has a low claims pay out rate, and that should be fixed. But most agents, and even branch managers, at any insurance company, whether Banker's or State Farm, sell these products because they believe in them.

Insurance agents make commission, just like real estate agents, car salesmen, advertising sales agents, Mary Kay, Avon, etc. so we get to actually support our families if we are good at selling, but I don't know any sales professional, from any industry, that is intentionally trying to scam you or anyone else out of money. We want you to buy for two reasons, we think you need or would enjoy the product or service, and we get a small chunk of the sale. Win-Win.

How about this though, everybody who "robs seniors for a paycheck" can disappear. Poof, no more long term care (Grandma can't feed herself, guess I'll have to quit my job and take care of her full time), no more medication (Dad's having a heart attack every week, too bad there's no pills to keep him out of the hospital, I'd pay any price for that) and no more life, long-term care, medicare supplement insurance. Guess my Grandmother will just have to get a decent job so she can make the money to bury my grandfather when he dies. Now what could she do to make a
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Bankersagent

Dec 14, 2010

The comment posted by Previous "Employee" of Bankers, on 10-12-2010 18:32 is not stating the truth. it is one thing to have an opinion but to misrepresent facts is another. Bankers never has full access to an employee's bank account for starters. They do direct deposit sales commission into an agents personal bank account, but never "debit" or pull money back out of an agents account. "Advancements" are given to new agents on policies they write. The advance is given prior to policy issue. If the policy is not issued for whatever reason then the advance is deducted from future commission owed to the agent. For example, if you receive an advance for a policy and the client changed their mind and cancels the policy, the company will withhold the money it payed the agent on a future policy they wright. Bankers does not punish an agent for not writing enough policies. Secondly, there is no cold calling. All leads are provided to the agent. And finally, Bankers will reimburse an agent a set amount for medical insurance if they have met certain sales goals and are considered a successful agent.

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Vulnerable senior = Bankers Li

Dec 10, 2010 West Perth, Western Australia

Bankers offers a great career while helping the most vulnerable, our seniors! - How does this make any sense?! Wouldn't you make these insurance products offered to people who are NOT seniors so that they can prepare for retirement. Bankers Life and Casualty realizes that seniors are vulnerable and FORCE them to purchase unecessary insurance products and NEVER pay out what the clients are paying for. This company disgusts me!

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Previous

Dec 10, 2010 West Perth, Western Australia

Bankers Life and Casualty does NOT employee its sales agents, they are contract employees so they can easily be fired and CANNOT file for unemployment benefits. There are also NO health benefits offered to sales agents and they can credit or debit your bank account as they see fit. So the first 3 months / 90 days of an "advancement" can be put into your bank account then taken out if you do not sell enough policies. There are also NO sales leads given to you (you must cold call senior citizens to set up appointments). Bankers Life and Casualty is ALWAYS recruiting because they have such a HIGH turn around rate because so much time is spent trying to find clients.

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All lies

Dec 05, 2010

-Worst company I ever worked for.
-Worst mistake of my life.
-Bankers Life & Casualty stole $4000 from me the agent who represented them for 20 months.
-Bankers Life will not look at a claim for 60 days after it is filed.
-Bankers Life agents who do not make it are not "lazy". They are duped into thinking they are going to help seniors save money. The only people who make money are the Branch Managers and suits.
-Bad products + Bad company + Bankers Life and Casualty.

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No lies just truth

Nov 28, 2010

Our seniors need nothing and I mean nothing from Bankers Life!!! Our seniors are to be respected but that's not what happens when greedy door to door insurance agents go in to these seniors homes and preys upon their vulnerability. Most of Bankers clients are lonely trusting elders, or do not need to be making finacial decisions. These seniors are looking for people to talk too and this is where Bankers takes advantage of these poor souls. Bankers agents sells elder's policies that are a minimum of one hundred dollars or less within a few years these policies turn in to five and six hundred dollars a month that are automatically deducted from these seniors bank accounts. The benefits are very very very minimum. This fraudulent act can last for years until the elder's family takes over and finds what this pyramid scam company is doing. Then thousands of dollars have been lost to Bankers *** leaving little for the family to hire care takers.
I'm sure the money has changed your life, you literally robbed our seniors for a paycheck, easy money.
Most of Bankers *** agents are gone within six months to two years. If these seniors need insurance then they need to go to their hometown insurance company where their agents will be there for any needs. The federal government in Washington continues to investigate Bankers for the past six months for their fraudulent sales practices, bogus policies and basically taking advantage of the sick. If the government doesn't stop
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