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What are opinions on Bankers Life and Casualty?

Updated: 8/17/2019
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12y ago

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They are currently under investigation by the Better Business Bureau and the Justice Department.

For over 20 years my folks paid premiums to Bankers Life for long Term Care Insurance. When mom finally needed it - they jerked us around for a year before she could get help. Now they sent a letter to my 91 year old father saying his policy lapsed. He was not sent a bill. He was not contacted so he could pay his annual dues. They sent a letter to him after the date he had a chance to get it reinstated without a fight. This company is not reputable.

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12y ago
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Q: What are opinions on Bankers Life and Casualty?
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What policies do Bankers Life and Casualty provide?

Policies of the Bankers Life and Casualty are geared to needs and requirements of the retirement community. Some policies offered are life insurance, annuities, long term care and Medicare products.


What are some services offered by Bankers Life and Casualty Insurance company?

The services that the company Bankers Life and Casualty Insurance offers is mostly insurance. Some of the insurance they offer are life insurance, long term care insurance and annuities.


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Bankers life and casualty has been around for over 130 years and has over 12 billion in assets. Bankers pays claims within 7 to 10 business days. There are more than 200 branch offices and paid out more than $1.2 billion in policy benefits in 2009.


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What exactly do you want to know? Are you going to be an agent on commission or a salary employee?


Is Bankers Life and Casualty Company a scam?

No. Established in 1879 in Chicago, Bankers Life and Casualty Company focuses on the insurance needs of the retirement market. The nationwide company, a subsidiary of CNO Financial Group, Inc., offers a broad portfolio of life and health insurance retirement products designed especially for seniors.


Can you get a life insurance license in Michigan if you have a felony?

I was told by Bankers life and Casualty insurance company that if you have a Felony, Michigan will not issue a license to sell life insurance to you.


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There are a few of them that have high ratings for long term care insurance. They would be American General Life (AIG), Bankers Life and Casualty, State Farm Insurance, and New York Life Insurance Company.


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