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1.0
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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

Other Product Review

Stop tacking money out of my account
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Review
#778800 Review #778800 is a subjective opinion of poster.
Reason of review
Problems with payment

Bankers Life And Casualty Company - Review in Life and Casualty Insurance category from Chicago, Illinois

1.0
Details
Crooks'dishonest,backstabbing,inmature'liars'. Animal house office. If you are a woman with class dont go here. They have their clicky inmature games. This is the company that gives insurance a bad name. What they do in the field is unethical and against the law. Just a matter of time before they get caught. I worked the colorado springs office. Only thing that matters is sale sale and no conciencence. Complete fakes' dont lower yourself to these *** sucking bottem feeders.
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Review
#665232 Review #665232 is a subjective opinion of poster.
Reason of review
Bad quality

Bankers Life And Casualty Company in Chicago, Illinois - This Professional Company cannot find my money!!!

I had decided to go with New York Life insurance the transfer of funds went smoothly but once I recognized the penalty involved the agent from New York Life suggested I should not go with New York Life. On January 24,2013 New York Life mailed the check to Banker's corporate office. the agent I have been in contact with Chris his phone number is 330-329-2416 states NO ONE AT THE CORPORATE OFFICE KNOWS THE WHEREABOUTS OF MY MONEY IAM EXPERIENCING A HARDSHIP AND I NEED MY MONEY. IT'S FUNNY BANKERS DO NOT HESITATE TO TAKE THE $75.00 OUT OF MY CHECKING ACCOUNT BUT I CANNOT GET THE $5000.00 I REQUESTED. WHERE IS MY MONEY?
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1 comment
Anonymous
#1039626

Call your state insurance department

Review
#385977 Review #385977 is a subjective opinion of poster.
Loss
$5000
I was called to go to an bankers life interview and I went to the 1st group interview and 2nd one and you have to go to atlanta for your training they do not pay for you to get their and back and they pay for the hotel but not to eat you have to buy your own food the...
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3 comments
Anonymous
#1563593

That is the longest sentence in the history of the English language!

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Review
#240077 Review #240077 is a subjective opinion of poster.
Loss
$80

Bankers Life And Casualty Company in Chicago, Illinois - Yes a complaint about howm many times one guy can post the same complaint

I dont know about Bankers Life. I wish I did know more. They called me too and I have my license already. I also have a 65.But here are 29 comments or complaints and I see a lot of them are one guy judt reentering his comments. Then a lot of other people saying someting like, ( oh I am glad I read this I got called by them and now I know there a scam even thou I am taking the word of one guy). I guess I will go to the interview after all It may not be a scam.
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Review
#171653 Review #171653 is a subjective opinion of poster.
Service
Bankers Life And Casualty Company Life Insurance

Bankers Life And Casualty Company in Chicago, Illinois - Bankers life & Casualty comp

Bankers called me to let me know that they wanted to interview me for a management postion in their company. when I arrived at the interview there where about 8 others in the room for the same job which I came to find out was not for a management position and that you where being interviewed for the agent position. They made it sound so great and you would make great money. So I passed the stae exam which they told me would be refunded the cost and it wasn't. I took all the in house training and the first thing they wanted me to do was make up a list of family and friends. I did. I was to sell policies to them first and my clients where supposed to build from there. I ran out of family and friends ant their leads are no good so no where left ot go I had to give up and look for another job. While I was going through this whole process the revolving door of agents was spinning. I can't believe how many people they go through to hire as agents. This is a piramid sckeem. the joke is on the agents and anyone who buys a policy from them. I've worked with there front office and they make the customer and the agents jump through hoops and still do not get any issues resolved for the customer. I will be reporting them to the BBB and the Insurance office for Illinois.
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Review
#170081 Review #170081 is a subjective opinion of poster.
Loss
$1

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

Bankers Life And Casualty Company Products and Services Reviews

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