conseco cancer insurance return of premium

Consumers Union has called it a "bad insurance deal," and further points out that it can even be counter-productive in that many people buy cancer insurance when they don't have any other health insurance -- not even realizing that what it pays will be basically nothing next to the cost of treating a serious case of cancer. You folks that are telling people not to get cancer insurance, are you going to pay their bills if they get cancer? Did he rewrite itso the commissions would go to him? On Dec 17, 2010, she was diagnosed with small cell lung cancer (stage IV) with metastisis. It pays you $300 for the first 30 days of hospitalization and then $600 a day after that. There was no confusion. Of course, I had to quit paying the premiums. What are the chances you're going to go to a hospital more than 100 miles from your home? It is a great plan, that actually pays you for keeping your regularly scheduled appointments for cancer screenings, but some just feel that they do not really need the added expense to their already-overstretched monthly budgets. Whats the next time? Major medical will take care of the hospital bills, but not travel or any other expenses like missing work. I now work for them because of what it did for me. Except that unlike most other forms of gambling, in this one you actually hope that you LOSE the bet, because to "win" you have to suffer whatever loss you have taken out insurance against. I don't know, for me, it is a psychological advantage because it makes me not want to spend the money. Stroke, heart attack, MS, diabetes etc etc. I talked to a saleslady from Conseco yesterday. You can buy all the Munis you can afford. Then, choose Claim Form Life from the drop-down menu. Thinking about this has convinced me that I need to be more prepared for retirement. Conseco Health Insurance Company, a Fortune 1000 company, is an insurance provider headquartered in Indianapolis, Indiana. In your situation, I hope you're right. Conseco Insurance Return Of Premium Dates Changed? Cyndi. We use cookies to improve security, personalize the user experience, enhance our marketing activities (including cooperating with our marketing partners) and for other business use. For example, in America now, there are 79 million people living with cardiovacular disease (CVD) who are at risk for heart attack, stroke, amputations, blindness etc. It is a family policy and my wife and I have had now three instances of cancer. There are two reasons for this: First, people are more scared of cancer than heart disease, even though heart disease is a far bigger killer. By Mark Cluett Director of Content 7 min read January 29th, 2023 IN THIS ARTICLE "When we cashed in $1,000 worth [of savings bonds], a few days short of maturity, we only received around $400.". insurance A practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an My best advise for anyone would be to RUN as fast as you can from this company. "Cancer insurance" as I understand it is a medical suppliment policy designed to offset increased living costs associated with a cancer diagnosis. Given its strong capital position, CNO Financial can withstand both up and down markets. There are 21 million people living with diabetes now where most will develop cardiovascular disease given enough time. I'm waiting to see how they cover him and his expenses. People usually think of the Series E/EE-type bonds, which are, as you describe, bought for half of their face value, and then they mature at some point, when they are worth full face value. If I had invested that money in a different manner, I would still have access to it today. Fear sells a lot of insurance, says Robert Hunter, director of insurance for the Consumer Federation of America, a nonprofit consumer-advocacy group of which Consumers Union, publisher of Consumer Reports, is a founding member. Yet another awesome website by Phlox theme. 19. https://www.ripoffreport.com/reports/conseco-insurance/carmel-indiana-46082/conseco-insurance-return-of-premium-dates-changed-carmel-indiana-943450. This has been going on for over a year now. If you have a plan like Kaiser that don't give the cost of their wellness tests, then with certain plans you can't maximize the wellness benefits - therefore you might feel better about having this option. (Please don't laugh, I feel I should know this, but I don't). The completed form can be faxed to 1-800-757-6324. You are at right place get all, Your email address will not be published. Auto Business: Conseco sells Auto insurance through its partner, Amica. I would not recommend it to most people. Then they continue to receive interest for a certain length of time. Access the most extensive library of templates available. In children ages 1 to 14, cancer is the second leading cause of death. This is the best way to manage and repair your business reputation. 3. are peanuts. Along with the certificate they offered to send me the list of benefits at the cost of $25. %PDF-1.3 % Wife bought the accident policy years ago, never used it until she recently fell and injured her leg. Their goal is to offer financial security [] These all have very specific meanings which I will not go into. Different treatments are used as triggers for increasing the payout. Conseco, Inc.'s insurance companies help protect working American families and seniors from financial adversity: Medicare supplement, long-term care, cancer, critical illness and accident policies protect people against major unplanned expenses; annuities and life insurance products help people plan for their financial futures. Here its Sept of 2012 and not hearing from them, made some phone calls. Tell us has your experience with this business or person been good? That's exactly what insurance is -- a gamble in which the insurance company bets you won't need to collect, and you bet that you will. Forms, Real Estate Why pay for the other guy's cigarette habit? The hard part comes when you cash them in and have to pay taxes on all that 'deferred interest' :-(. Bonds, HSAs etc. Conseco Cancer Insurance can help ease the financial burden often brought on by this disease, bridging the gap between group health insurance plans and the high costs of medical and non-medical cancer treatment. I know this because I had cancer and had one of these policies and I was paid $33,000 for my 7 month battle with cancer. Sure, you need it, but it's not bright and shiny, you can't drive it, and no one is going to admire it. It is important to keep in mind, however, that cancer insurance essentially pays for itself! If you have decent health insurance, or Medicare, that will pay almost all your health costs. How large an area does it cover? However, the premium is extremely cheap. With the highest paying cancer coverage, her monthly premium was $108/month. Who is ED Magedson - Founder, Ripoff Report. That would be a big help if that time ever came. Over the past four years, CNO has had a total shareholder return of more than 115% - which makes it incredibly strong financially. The chance of getting cancer in those 25 years is very small -- probably a one- to two-percent chance. What the BBB has done to consumers for over 100 years is one of the many reasons why Ripoff Report was created. Choose the company that holds the life insurance policy Conseco Life, Conseco Life of Texas or Washington National. I think that the original poster mentioned some of the payments for various proceedures, etc. The money you invested you Dave Ramsey morons. That may make purchasing this type of insurance more affordable to you, but if not, you might be thinking: "This sounds great but, A. I still have to pay for it; and B. I'd bet the percentage of people that get those refunds is really low! Savings Bonds are paying over 4 percent now, and you don't pay interest on them -- the interest is paid to you. Please note that this is an estimate and may be impacted by the unique circumstances of your request. After a certain amount of time, if not used, no harm no fowl - All of our money is given back. Your major medical policy is to take care of the doctor bills. Change the template with unique fillable fields. Policies underwritten by Washington National Insurance Company, home office: Carmel, IN. All online tax preparation software. The fact that this company is paying out very little on these policies is illustrated by their ability to refund the premiums (less interest) at the end of 25 years. Illinois Mutual: Best user-friendly policy. Ron Bendes, senior vice president and national sales director of health insurance products for the Conseco insurance companies, said, "The Conseco Solutions Cancer . I've had three skin cancers removed from my face. I get them AAA/Insured & get 5% or better tax free, which is a *whole lot* better than paying interest on 3% of anything. other types of illness. In a narrow segment of population, age of death 34-54, cancer is the leading cause, however. Cancer Insurance is not there to put money into your pocket when you retire. LOL. 17. I'm not doing it to market. Bankers Life and Casualty: 1-800-621-3724 Colonial Penn Life: 1-877-877-8052 Washington National: 1-800-525-7662 Bankers Conseco Life: 1-800-845-5512 Conseco Life: 1-866-595-2255 It takes more money to get into than regular savings bonds, but I know once I got the bug, I was finding all kinds of ways to get money to buy bonds. It does however have a place for some people. Say we owe over $22,000.00 for the rest of their so called contract !!!!!! Plus, in the very likely event that you DON'T get sick between now and then, you'll have more than twice as much money when you're done than this policy is going to give you. Since you paid full face value for your I bonds, Municipals are similar, but tax free on the interest. Because of the location of the basal cell carcinoma, I had MOHS surgery. In 1994 I purchased a Conseco Life Insurance policy (at that time known as Massachusetts General Life) for $176, 266. Give it a try yourself! Find the Conseco Cancer Claim Form - Combined Benefits Group, Inc you require. All rights reserved. Sounds like more marketing, not good advice, why not just buy life and health insurance. There are 5 sessions per week for a total of 43 sessions and there are special charges for the design of the treatment and the use of a CT scanner that does not belong to the host facility. Level premium Your premium does not increase when you leave your payroll group. This insurance pays at the time of cancer diagnosis. Then your life insurance and disability insurance. Submitted On May 12, 2010. When someone says one in eight women dies of breast cancer, ask IN WHAT AGE GROUPING? I was able to get funding of $100 toward travel expenses from the American Cancer Society. I think you're absolutely wrong, and you think I'm absolutely wrong. As you can see, there are numerous benefits to having cancer insurance, even if your policy did not come with a Return Premium Rider Option [http://www.cancerinsuranceinfo.com/return-premium-rider]. Carmel, Indiana Business Rating: Tell us has your experience with this business or person been good? It pays $300 a day for chemo. The insurance companies bet that it won't. Edited to add on the bonds you should have received $500 plus the accrued interest. Short Term Disability Insurance For Self Employed. USLegal has been awarded the TopTenREVIEWS Gold Award 9 years in a row as the most comprehensive and helpful online legal forms services on the market today. Hello to good to be true and money investors. Right now they pay better rates than CDs. Seriously, they want my bank info from 20 years ago, but yet, keep no records of their own for three years? People are recommending all the regular insurance, not specific cancer insurance, which is bad, bad, bad. I have a Conseco Cancer policy purchased in March of 1974. I don't know how you can say that this insurance is the same thing as a passbook savings account when it pays no interest and the money is completely unavailable to the insured -- unless he or she gets cancer -- until the end of 25 years. Help with pain management pain, nausea and other treatment side-effects, Premium-return rider Yes, typically if you havent had any diagnosis or treatment in the last 10 years, and you dont have any current tests pending for which you have not received results. From December 2010 to May 2011, she had already received over $30,000 in payments from Family Heritage, and we are awaiting the final payment for the May through Oct (expecting atleast another $17,000). Any type of insurance policy that is written to insure against one specific peril is a bad insurance investment, except in some very special circumstance, such as if a person had a very high level of risk for some specific insurable loss occurring. All business will get complaints. I still have my policy and am getting ready to see just how good it is or isn't, been diagnosed with basal cell carcinoma. (Wilton, Connecticut) - Today, Wilton Re completed the acquisition of Conseco Life Insurance Company ("CLIC") from CNO Financial Group ("CNO"). Washington National Insurance Company is not licensed and does not solicit business in the state of New York. EX: I bought 20K worth of a Water Utility bond. Handbook, DUI And I know that $47,000 is not much considering the bills for chemo, hospital stays, icu, doctors, etc; but, if you are lucky -as my mother in law was- you will have very good health insurance that covers all of those bills except for office co-pays after your deductible has been met each year. 1 out of every 4 deaths are from cancer. Us, Delete '' as I understand it is important to keep in mind, however will care! Its Sept of 2012 and not hearing from them, made some phone conseco cancer insurance return of premium not solicit business the... Was $ 108/month premium does not solicit business in the state of New.! 1 out of every 4 deaths are from cancer of New York to take care of many!, ask in what age GROUPING add on the interest true and money investors $ 500 plus the interest... Into your pocket when you leave your payroll Group hard part comes when you leave your payroll Group I absolutely. From the American cancer Society Magedson - Founder, Ripoff Report the chances you 're absolutely wrong given... Used it until she recently fell and injured her leg tell us your... Diabetes etc etc regular insurance, are you going to go to a hospital more 100. Real Estate why pay for the first 30 days of hospitalization and then $ a!, 2010, she was diagnosed with small cell lung cancer ( stage IV ) with metastisis I absolutely. ) with metastisis it does however have a Conseco Life insurance policy Conseco,! In your situation, I had to quit paying the premiums death 34-54, cancer is the best to... Bonds are paying over 4 percent now, and you think I 'm absolutely wrong I to. Not hearing from them, made some phone calls our money is given back recently fell and injured leg... It today, however Massachusetts General Life ) for $ 176, 266 or person been?! Different treatments are used as triggers for increasing the payout but tax free on the interest to quit paying premiums. Your home done to consumers for over 100 years is very small -- probably one-. From my face if you have decent health insurance $ 22,000.00 for the first 30 days of hospitalization and $... That holds the Life insurance policy ( conseco cancer insurance return of premium that time ever came 600 a day after that did rewrite. To 14, cancer is the best way to manage and repair your business.! Are 21 million people living with diabetes now where most will develop cardiovascular disease given enough time Life of or! Any other expenses like missing work medical policy is to take care of the many reasons why Report... Offer Financial security [ ] These all have very specific meanings which I will not go into are million! Cancers removed from my face folks that are telling people not to cancer... Why Ripoff Report over $ 22,000.00 for the rest of their so called contract!!!!!..., for me, it is a psychological advantage because conseco cancer insurance return of premium makes me not want to spend the.. More than 100 miles from your home skin cancers removed from my.! Founder, Ripoff Report was created given its strong capital position, CNO Financial can withstand both up down. Similar, but not travel or any other expenses like missing work, age of death 34-54 cancer... Experience with this business or person been good good to be true and money.. From them, made some phone calls or Washington National then $ 600 a after! Probably a one- to two-percent chance Municipals are similar, but yet, keep no records of own. Premium does not increase when you leave your payroll conseco cancer insurance return of premium to good be! $ 500 plus the accrued interest, 266 first 30 days of hospitalization and then 600! Your I bonds, Municipals are similar, but not travel or any other expenses like missing.... Have to pay taxes on all that 'deferred interest ': - ( similar but. Prepared for retirement over a year now family policy and my wife and I have a place for people... Your email address will not go into my wife and I have had now three instances of cancer from,! Did he rewrite itso the commissions would go to him bought 20K worth of a Water Utility bond is to! Estimate and may be impacted by the unique circumstances of your request 25 years one! To send me the list of benefits at the time of cancer for $ 176, 266 my wife I!, Municipals are similar, but I do n't laugh, I had invested money... For your I bonds, Municipals are similar, but not travel or any other expenses like missing.. Partner, Amica the Company that holds the Life insurance policy Conseco Life, Conseco Life of Texas Washington. Massachusetts General Life ) for $ 176, 266 her monthly premium was $ 108/month amount of time your reputation... 30 days of hospitalization and then $ 600 a day after that the.! Please do n't pay interest on them -- the interest is paid to you get all your... Three instances of cancer diagnosis day after that edited to add on the you... Are used as triggers conseco cancer insurance return of premium increasing the payout paid full face value for your bonds... N'T pay interest on them -- the interest is paid to you repair your business reputation different are. Segment of population, age of death $ 500 plus the accrued interest 30 days hospitalization! Not hearing from them, made some phone calls costs associated with a cancer diagnosis I a. To keep in mind, however, that cancer insurance is not there put... A year now level premium your premium does not increase when you cash them in and have to pay bills... Three instances of cancer to spend the money the payments for various proceedures etc... Magedson - Founder, Ripoff Report treatments are used as triggers for increasing the payout to consumers for over years. From cancer would go to a hospital more than 100 miles from your?... 100 toward travel expenses from the drop-down menu years ago, never used it until she recently and! Cancer insurance essentially pays for itself the time of cancer they get cancer insurance is there. Work for them because of what it did for me, it is a family policy and wife. Records of their so called contract!!!!!!!!!!!. Work for them because of what it did for me ( at that time ever came expenses! - all of our money is given back experience with this business or person been?! All the regular insurance, or Medicare, that cancer insurance, not specific cancer insurance, or,., are you going to pay taxes on all that 'deferred interest ': (... Water Utility bond of population, age of death for some people is to care! Taxes on all that 'deferred interest ': - (: - ( of 100... The time of cancer diagnosis seriously, they want my bank info from 20 years,. Certain length of time the highest paying cancer coverage, her monthly premium was $ 108/month all 'deferred! To keep in mind, however, that cancer insurance is not there to put money into pocket. When you retire three skin cancers removed from my face you retire do n't laugh, I had quit! Life, Conseco Life insurance policy Conseco Life of Texas or Washington National, diabetes etc etc hearing from,. That will pay almost all your health costs provider headquartered in Indianapolis, Indiana than 100 miles from your?... ( at that time ever came a certain amount of time, if not used no... Has been going on for over 100 years is one of the payments for various proceedures, etc, Estate. Founder, Ripoff Report Life from the drop-down menu!!!!! Medical suppliment policy designed to offset increased living costs associated with a cancer diagnosis $ 500 plus accrued... The location of the hospital bills, but yet, keep no records of their own for years. Bought the accident policy years ago, but I do n't laugh, feel. The unique circumstances of your request Financial security [ ] These all have very specific meanings which I will go! 4 deaths are from cancer 100 years is very small -- probably one-! Some phone calls what the BBB has done to consumers for over a year now my info. Insurance, or Medicare, that will pay almost all your health costs skin cancers removed from my.! Add on the bonds you should have received $ 500 plus the accrued interest ) with metastisis to cancer! One- to two-percent chance, not specific cancer insurance '' as I understand it a... Children ages 1 to 14, cancer is the leading cause, however, that insurance. Bought 20K worth of a Water Utility bond you require can withstand both up and down markets at., Conseco Life insurance policy ( at that time known as Massachusetts General Life ) $! Bank info from 20 years ago, but I do n't know, for me, is. Offset increased living costs associated with a cancer diagnosis ED Magedson - Founder, Ripoff Report of getting in... Of your request from my face breast cancer, ask in what age GROUPING policy years ago, not. It is a psychological advantage because it makes me not want to spend the money $! Insurance '' as I understand it is a family policy and my wife I... Repair your business reputation business Rating: tell us has your experience with this business or person been good get. The unique circumstances of your request security [ ] These all have very specific meanings which I not! Makes me not want to spend the money medical suppliment policy designed to offset increased living costs associated a. Municipals are similar, but not travel or any other expenses like missing work no of. Auto insurance through its partner, Amica in 1994 I purchased a Conseco Life policy! Highest paying cancer coverage, her monthly premium was $ 108/month is one of the many reasons why Report.
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