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Currently trying to work the out but agent not as available. Finally said our policies had auto ability to fund loans to keep policies funded. I had requested Surrendering several policies as we could not afford them. Was told they could work with us and not to worry....
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1 comment
Anonymous
#1612805

If you purchased "whole life" or "universal" , you may well have the ability to draw on the policy's cash value to make future installment payments. They will call it a loan against your policy and charge a nominal annual interest, but the current premiums will be paid and the policy remain valid.

That is what I do with my life insurance (whole life, universal) ; I paid the premiums for several decades and now use the cash balance to pay the coverage - it should last until I die without another payment. If you have "term" insurance, you're in trouble.

Review
#1423548 Review #1423548 is a subjective opinion of poster.
Service
Bankers Life And Casualty Company Life Insurance
Reason of review
Problem with delivery
1.0
Details
I have been working with this company for nearly one year. I have jumped through more hoops than I can count. My husband has a long term care policy, I have P.O.A., we have met the 90 day period which we are required to fund, and now having lots of trouble getting...
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2 comments
Anonymous
#1218750

Bankers life are scammers they will give you false hope empty words lots of confused papers mailed to wrong dates etc its a *** game folks!

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Review
#867962 Review #867962 is a subjective opinion of poster.
Reason of review
Poor customer service
Preferred solution
Let the company propose a solution
My experience with Bankers Life Insurance. A few years ago my mother was diagnosed with lung cancer. After the treatment failed she was sent to a hospice. My dad had taken out a long term care policy with Bankers Life Insurance Company about 10 years previously so they...
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3 comments
Anonymous
#1185615

Most ALL Health Insurance policies increase in cost. This is not an atypical business model to adhere to.

As the health risk increases, so does the premium to adjust for the higher risk. I am in no way an advocate for Bankers Life, but this is the standard approach by all companies, on a "Class" and not an "Individual" basis.

You were not targeted or singled out. This is acceptable and common business practice.

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Review
#816739 Review #816739 is a subjective opinion of poster.
Reason of review
This is a scam
Loss
$20000
Preferred solution
Full refund
This company is scamming people out of their money. I was asked to be interviewed by Bankers Life and Casualty. I completed the interview as well as all of the necessary information required for the job. The sold me a bogus CD on how to be a lead salesperson. I also...
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Review
#394002 Review #394002 is a subjective opinion of poster.
Loss
$500
The company invited me for job interview on 2/11/2013 at 2:00pm. I received 2 phone call from the company to confirmed the appointment which I did. Then on 2/11/2013 I drove to the company location and Lady approached me and told me that this is an orientation not one...
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6 comments
Anonymous
#672349

So Jesse 89 comments were the same on several post on here......makes me uncomfortable and i will not go to the interview tomorrow. I am a college graduate And deserve better.

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Review
#383929 Review #383929 is a subjective opinion of poster.
Service
Bankers Life And Casualty Company Life Insurance
Tags
  • The Doors
I work for a home care agency and have working with Banker Life concerning a client's LTC policy. When the client was trying to submit a claim for approval and we had to send our information into them, I had to fax 3 to 5 times because they stated they never received....
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3 comments
Anonymous
#417891

This is a company that abuses its agents and scams senior citizens out of their money. There have been many, many more consumer complaints about people not getting coverage when they need it and having claims denied or even being told that their documents have not been received just so that Bankers can avoid paying out their obligations.

The best thing you can do is immediately terminate any policy you have with them, and report the incident to the Federal Trade Commission, Better Business Bureau, and any other government agencies you can find that may be able to exercise some control over this kind of insurance malpractice. I'm sorry for both your losses...good luck.

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Review
#270917 Review #270917 is a subjective opinion of poster.
Service
Bankers Life And Casualty Company Claim
Loss
$500
This company uses the Alheizmer's Assoc. In center of their Home page. This made us buy policy 10 yrs ago for long term care. When We went to put this policy in effect. Bankers life made it a living *** to try to collect on policy. They use misleading and frudelent...
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7 comments
Anonymous
#415608

If your raped by your unit manage expect to be sent home .......corp will call question you fir four hours ask to call all yout friends and famly....... Twist your words pulling anything from thin air and accuse you of having a relationship that went bad.

Its just easier to let the sob get away with it.

I regret saying anything. :sigh

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Review
#242238 Review #242238 is a subjective opinion of poster.
Service
Bankers Life And Casualty Company Life Insurance
Lori Walczak of the Milford, Ct. office promised me a refund check if I changed my mind about switching Health Ins. to Bankers. This was almost 2 mos. ago now and have not rec'd. my check. I will be calling the Ct. Insurance Fraud Office and if that doesn't...
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Review
#221389 Review #221389 is a subjective opinion of poster.
Service
Bankers Life And Casualty Company Health Insurance

Bankers Life and Casualty Company

People, you need to do your homework. This is a valid insurance company since 1879. They are seeking insurance agents. This is not my career field but I am sure they want you to attend a career seminar and insurance agents work on commission basis. When in doubt about a company use GOOGLE! Don't just assume this is a scam before you know the facts. If someone calls you offering a job or to attend a seminar, then get the information and ask questions. Anyone who is unemployed is too quick to jump into something without much homework to investigate a company. So don't go saying that Bankers Life is a bogus company, for it is not. And no, I do not work for them and have been approached via a phone call about my resume on HOTJOBS. I just said that i was not interested...simple as that.
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3 comments
ExRecruiter for Bankers
#221071

As an ex-recruiter, we were told to contact ALL resumes on the database to offer an interview regardless of qualifications, background, education, citizenship. The "interview" or career briefing is simply a room full of people who will be shown a PowerPoint overviewing the sales agent position, then there will be 2 more group interviews (never an individual interview). The more people that came to these "interviews", the more money the recruiters made (I felt so bad for doing this job since I was not even sure if the branch was truly hiring so I had to quit as soon as possible). There are also NO sales manager positions or management training program available or mentioned during the first "interview" (which the recruiters were not made aware of so the company was also lying to its own employees about what is going on). Think about it, with the economy being so bad, why would a company need to cold call potential employees (they should be flooded with applications from their own website). I suggest coming to the interview only if you have the time to waste and are ok with a sales position and NOT being a "real" employee, only a 1099 contractor position

“Interview" candidates know the truth since they even lie to their own recruiters:

1) there is NO salary at all, 100% commission based

2) you must pay to obtain your insurance license (a few hundred dollars)

3) once "hired" you must give the company access to your bank account and give them permission to debit/credit your account as they see fit (to take back "advacement" for the first 3 months / 90 days if you don't perform up to expectations

4) travel expenses are NOT reimbursed so you must use your own car and gas to go out into the field 3 full days a week (aka driving around town to see potential clients)

5) NO health insurance or benefits are offered (no contributions to social security because as an "independent contractor" (not an employee) you are not charged taxes and must figure out your taxes for each year) and you would not be eligible for unemployment benefits if you get fired

Anonymous
#214903

Yea right, Bankers Life Agent. The economy is too tough to play games with people's lives.

You are the only one not calling it a scam so I am sure you probably work for them.

I would like anyone who has worked for them to let us know how well they are doing. We are not saying they are not a real business, we are saying they don't treat the employees well, and don't provide proper information for a potential employee.

Anonymous
#214592

You wouldn't defend this worthless Bankers company if you didn't work for them. Google Bankers and you'll see scam.com pop up, Inside Edition scam story on Bankers and above all Bankers being investigated by the US feds! People don't have to jump to conclusions, they can read it on google that Bankers is a proven scam on the elderly.

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Review
#206929 Review #206929 is a subjective opinion of poster.

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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I have been paying premiums to Banker's Life for over 10 years, but when I submitted my first claim (March 2010) for light houskeeping services, it was denied. I furnished letters from family doctors indicating that my wife and I suffered from Alzheimers and...
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9 comments
Anonymous
#181188

You are a victim of Bankers. There may be a possibility for you to recoop some of your money if you contact the US Senate for the aging in Washington DC and give your statement. Bankers is being investigated by the Federal government,

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Review
#193173 Review #193173 is a subjective opinion of poster.
Service
Bankers Life And Casualty Company Life Insurance