Product: Bankers Life And Casualty Company Customer Care Clear all filters (3 of 3 reviews match)
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My parents each had a policy with Bankers, my mother handled finances and had a stroke, by the time I had all the finances taken over the payment for my dads policy was unpaid.....ONE late payment and they cancelled his policy which he had paid on for years. I called...
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1 comment
Anonymous
#1490163

You have discovered the problem with so-called "term insurance". Your father should have had a "whole life" policy which, after many years as you've described, would permit him to make the monthly/quarterly payments from his existing policy cash value fund without making any more payments.

Term insurance accumulates no cash value. Whole life accumulates cash value (which you can withdraw, use to make future insurance payments, or even borrow against).

I'm really sorry he and you have had so much trouble but I'm afraid he wasn't properly informed about the available options. The cash value will not be equal to the death benefit, but can be substantial.

Review
#1267416 Review #1267416 is a subjective opinion of poster.
Service
Bankers Life And Casualty Company Customer Care
Cons
  • Screwing my father received
Reason of review
Poor customer service
Loss
$142480
Preferred solution
Let the company propose a solution
I had faxed a withdrawal annuity form, and it took four weeks before I got my money.The support I received throughout to look into the matter was inefficient and sloppy. This is a company that should be penalized for the way it handles its costumers' policies. I had to...
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Review
#1166868 Review #1166868 is a subjective opinion of poster.
Service
Bankers Life And Casualty Company Customer Care
Reason of review
Poor customer service
this company is full of crooks that prey on the elderly. its a shame to use scare tactics just to not want to pay out claims, this is a sad scene for any family in there time of need (sad),claiming to lose items mailed to them,saying I will call back and never and...
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1 comment
Anonymous
#1300309

There is going be a class action suit in Maryland, as there has been in Oregon and Mass. Much data is being collected.

Google Class Action against Bankers'Life Long Term Home Health Care Abuse of Elderly.... in Maryland, and join. Check with local elder abuse organizations...the more, the better, and there are a lot of us out there, we all know how corrupt this company is.

Don't despair, get active!!!!! WE NEED YOU!!!!!!

Review
#968312 Review #968312 is a subjective opinion of poster.
Service
Bankers Life And Casualty Company Customer Care
Reason of review
Poor customer service

Contact Bankers Life And Casualty Company Customer Service

Mailing Address:
Bankers Life and Casualty Company
111 East Wacker Drive Suite 2100
Chicago, Illinois 60601-4508
United States
Phone:
(800) 231-9150
All Bankers Life And Casualty Company Contacts

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