Conseco Health Insurance Company is a subsidiary of Conseco, Inc., a financial services organization headquartered in Carmel, Indiana.Conseco, through its subsidiary companies, is a leading source for insurance, investment and lending products, helping 13 million customers step up to a better, more secure future. Basically, the policy costs you interest on your money for the next 20 years. TurboTax Live Basic Full Service. This cancer insurance is a scam. Stick that in your pipe and smoke it. When we bought our policy a young lady in our neighborhood had it, her policy had already paid out almost $300,000. "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. On the other hand, someone with the diagnosis of diabetes most likely will NOT die of diabetes. Most plans cover bills from the date of your initial diagnosis of cancer but not all have options like intensive care unit coverage for any accident and/or illness - check with your agent to see if this low cost option is available. This was exactly the same principle. Cancer insurance is like flight trip insurance. Your major medical policy is to take care of the doctor bills. No, I'm not saying it isn't serious, I'm just saying that if you're going to get skin cancer, it's better to have basal cell than squamous cell, and both of those are better than melanoma. There was no confusion. - Alignable. The insured is covered as along a Go check it out and make sense out of the numbers. His chemo was billed separately at $1,200 a pop three times a week. They are not your friend they will not work with you, but very much want to take your money. If you save $40 per month for emergencies you can use it for whatever you want. No one seems to sell heart attack insurance. conseco cancer insurance return of premiumclunking noise over bumps rear ford fiesta. Attorney, Terms of 5Cancer insurance. Basic PLUS Author For costs and complete details of coverage, contact an agent. 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. There are many different ways of looking at epidemiology. By Mark Cluett Director of Content 7 min read January 29th, 2023 IN THIS ARTICLE As far as the track record of a company, again a gamble somewhat. Trouble is that we just started this recently. Enjoy smart fillable fields and interactivity. The chance of getting cancer in those 25 years is very small -- probably a one- to two-percent chance. These policies have limitations and exclusions. (Please don't laugh, I feel I should know this, but I don't). By keeping your regular cancer screenings, you can detect early any cancer that sneaks up on you. Why can they not look that info up and give it to me?The original company , welcomed into my home , was Conseco Insurance. Bonds, HSAs etc. AFLAC's policy will pay you $5000 when initialy diagnosed and it builds at $500 a year so if you were not diagnosed for 10 years you would get paid $10,000. Just a reflection of the out-of-control medical costs today I guess. What do you think I would say about this being a good idea? I didn't need reconstructive surgery after any of the three. 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). It even paid for a special van for her to be transported in. Planning, Wills 4. Us, Delete If you have the money in some type of investment account and can transfer it into your checking account with a phone call, it's easy to spend it. It offer finacial protection that is triggered by a cancer diagnosis. I have a Conseco Cancer policy purchased in March of 1974. The posting time indicated is Arizona local time. If you have stroke/heart disease/diabetes, it does not pay. Miami Florida, Old Town Atelier Dan Kolar Alexandra Kolar Press and Ink Scamming and Blocking Paying Customers Temecula California, Full Service Network Jason Soltis, David Schwencke (CEO) They could not provide phone services needed, had to change providers after working with them for months to fix things. Think of it as a cup of coffee a day! What do you think? So no, most companies aren't leaving people out of collecting on their coverage when they need it most. They have a cancer policy that is $33.50 per month for a family. Given its strong capital position, CNO Financial can withstand both up and down markets. I'm 29, and my wife is 26 years old and we are personally about to benefit greatly from the very insurance that I sell. I don't know, for me, it is a psychological advantage because it makes me not want to spend the money. For more information aboutConseco, please visit their home . The benefit has an additional charge and may pay minus claims . Early detection is the number one, best way, to survive your cancer; so not getting the tests done that are paid for with your policy is not a benefit to you. 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; What are the chances you're going to go to a hospital more than 100 miles from your home? However, my coverage has changed drastically over the years! For example, women worry tremendously about breast cancer, but heart disease kills ten times as many women as breast cancer. Forms, Real Estate Does cancer insurance offer a return in premium or cash value? Most policy service requests take an average of 13 to 15 business days to process upon receipt. I also know how your health insurance doesnt work like YOU think it does. 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. If you don't agree with me, that's fine. Trina, thanks for all of the additional information. They need medical records. Prepare your docs within a few minutes using our easy step-by-step guide: Easily create a Conseco Cancer Claim Form - Combined Benefits Group, Inc without having to involve experts. Copyright 2023 eSupplemental Insurance Services, Inc., PO BOX 1307, Owings Mills, MD 21117 All Rights Reserved. Also please note that Hospice does not charge for their services (which is why donations are greatly appreciated).Val. The accrued interest was $50.00, and then there was a $5.00 service charge Total cost: $19,855.00. Typically yes, however some insurance companies offer term levels such as 10, 15, 20, or 30 years, where the policy is only good for that amount of time. His employer matches that amount. Thanks. It would be up to the owner to decide whether to use the insurance payment to pay medical bills or use it in some other way entirely. "Calling it" this particular bond is 'callable' in 10/01/2011 @100.00, which means that they have the option to re-finance the municipal project in 2011 and can pay me back 100% (which means that since I bought at a lower price, I get back $20,000), PLUS, I've already had all of that tax free interest for the nine years. If the plan offers excellent wellness tests and I'm getting my money back, didn't you say the return premium rider gives you your money back less claims?" Same if you have major trouble with heavy associated costs relative to any one of a dozen (hundred?) 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. Here's a breakdown to help make your decision easier on the return premium rider option: 2. In case of cancer insurance, it is a cancer diagnosis. Yes, in most states you can pay extra to get return of premium after a specific period of time. to point out how much the policy would pay the OWNER if they had this diagnosis or various proceedures done. |, CONSECO, CONSECO INSURANCE, CONSECO INCORPORATED. Guide, Incorporation A good rule of thumb is to purchase insurance only from an insurance provider. Why didn't you wait "a few days" until the bonds were mature, to get the full value? With a tax-free municipal you don't pay any taxes on the interest, and you collect interest 2x a year. Propensity for cancers and circulatory problems can be indicated by our genes, but obesity, smoking, unprotected sex, etc. AFLAC paid my other bills:groceries,water,utilities, house payment. Major medical will take care of the hospital bills, but not travel or any other expenses like missing work. insurance you have. Help with pain management pain, nausea and other treatment side-effects, Premium-return rider Additional Illinois State resident information Sometimes a policy can cost more then it is worth, so shop around. Give it a try yourself! 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 Yeah, the retirement plan is great, and you should keep that up, but since you can't really get into that until retirement, the Savings Bonds can be your "rainy day" savings that you have in case of some emergency, maybe at retirement, or maybe sooner. Handbook, DUI Life insurance offered through employment is usually not enough. Take your head out of your ass. strict standards for business conduct. I would not get this insurance. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Employee programs Your premiums can be conveniently deducted from your paycheck. 3. So if you pay on it 5 years, don't use it, then pass away, the beneficiary gets the life insurance. There was originally something like a $13,000 up front payment for any type of cancer and is now only $1,000 up front payment, excluding skin cancer. Washington National Insurance Company is not licensed and does not solicit business in the state of New York. For other people cancer is a fight for life that can go on for many years. When I sold insurance, policies were available with and without that particular feature. Suppose you get run over by a truck, die of a heart attack, get bitten badly by a neighbour's dog, get hit by a tree during a tornado, etc., etc. Do cancer insurance premiums increase with age? I just hope you don't ever have to wish that you had the coverage. 3. Typically, 1 mil is not enough if there is a serious diagnosis. 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. Many people cannot save money at all and are attracted to these features. Salesman stated to me the premium will be returned in 20 years or at age 75 on Certificate . Change your diet, exercise and minimize your risk to cancer.Even if your a compulsive smoker. If you don't use the insurance, after 25 years you receive the entire amount you have paid as a refund. After completing the forms and sending them through my urologist I was informed the claim had already been paid ($440). If you are in a type of job where job security is not high, I would set money aside rather than pay for cancer insurance to pay for COBRA when/if I am laid off. Is this a good idea? We also have dealt with savings bonds, which by far are a joke! I love how you accuse me of marketing on here. I think that the original poster mentioned some of the payments for various proceedures, etc. You may be eligible for a cancer insurance policy. Annual premiums range from $200 to $3,000. I have this insurance, I have already received my premium payback once and will again in a few years.had it since 1984. 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. These all have very specific meanings which I will not go into. I see that bond in front of me and I do not want to cash it in. I think the main reason they came out with the Series I is to make bonds more easily comparable to other types of investments, such as CDs, where you pay full face value and then get an increased value later. What better proof do you need that this is a poor insurance investment? I've had three skin cancers removed from my face. You may find the up front amount is the only amount that you receive. Then they continue to receive interest for a certain length of time. Cancer insurance, like lottery tickets, amounts to a very poor way to spend money. Is that right, and we wouldn't have to pay anything then? Attempting to call that number, is an answering machine for some state benefits plan. Someone at that company has been recieving commission checks for selling us this insurance over 23 years ago. Cancer is not the number one killer. Why Ripoff Report will not release author information! That's just me; other people may say that it is too conservative of an investment, but for me I like it. Are you looking for Family Heritage Cancer Insurance Return Of Premium . Is there a free look period with cancer insurance? Companies that seem safe and stable today may be in bankruptcy tomorrow. conseco cancer insurance return of premium. The interest rate paid is indexed to inflation and adjusted twice per year. Along with the certificate they offered to send me the list of benefits at the cost of $25. Theft, Personal Employee programs Your premiums can be conveniently deducted from your paycheck. Report back after talking to your agent. Corporate Advocacy Program - Verified Status, How To Get Your Report Featured On All Report Pages. Also if you paid them 10K over 25 years and got 4K back in annual PSA tests and claims, then when 25 years is up, they only pay you the remainder, 6k.You are much better off not buying this insurance. These types of policies, in addition to paying most of your costs for cancer screenings, can also be helpful to you in the event that you are diagnosed with cancer. Theme: Newsup by Themeansar. Second, there is too much chance that the insured actually WILL have a heart attack during the period covered by the insurance, so the companies selling these bad single peril policies do not want to touch it. Plus, it can also cover conditions such as Alzheimer's disease, blindness, paralysis, coma, transplant surgery/waiting list, amputation and deafness. Kind of a screwy policy. Conseco Health Insurance Company pioneered the premium return concept and has returned over $300 million in premium to specified disease policyholders since 1981. This is correct, if your getting practically all your money back with wellness benefits then this rider doesn't look so appealing any more and this is why some plans, like the Allstate California plan, will give you a total of 3 annual wellness tests for women and 1 for men - plus they'll pay the cost of the test (max $200)! Monday-Friday It is just another cost to factor into the price of the policy and is probably not better or worse then a regular passbook savings account considering the amount of money involved. Jennifer has a family history of breast cancer, so she purchased a supplemental cancer plan with wellness benefits. I think you're absolutely wrong, and you think I'm absolutely wrong. Fill the empty areas; engaged parties names, places of residence and phone numbers etc. My Account, Forms in They did pay for the ER visit, but refused the hospital stay which was supposed to pay her $500 per day. Hello to good to be true and money investors. 1 out of every 4 deaths are from cancer. Tell us has your experience with this business or person been good? The chance of my home burning down is slim but if it did the cost would be large, by spreading that risk across many people the insurance company can offer me "protection" from the risk. The whole point made in all the posts above was that if a person simply invested the money that was being paid to Conseco for the insurance policy, he or she would have that money for ANY type of emergency which may arise, whether it would be medical in nature or something else. HELP. learn more with our free business guide to voluntary benefits, In the U.S., approximately 1-in-3 people will develop cancer in their lifetime.1, Approximately 1.7 million new cancer cases are diagnosed each year.1, Alternative Care rider If you work for a large company, disability insurance usually is adequate. 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. Did he rewrite itso the commissions would go to him? Level premium Your premium does not increase when you leave your payroll group. conseco cancer insurance return of premium. An individual's genes and lifestyle both contribut to determine length of life. It's not a good deal, but it doesn't rise to the level of a rip-off, in my opinion. However, most small companies do not offer DI. Premier investment & rental property taxes. One thing that many older adults never think of is that many of these plans only pay you for days you do not work. This is where a supplemental cancer policy can help to offset some of the cost difference. Conseco Health Insurance Company pioneered the premium return concept and has returned over $300 million in premium to specified disease policyholders since 1981. Plus, there is something cool about buying one every month as almost a ritual and then getting them back in the mail and having a stack of them. We had to cash out his other retirement a few years ago when his employer closed. (California a couple of years ago). Also, if she had been paid $3,000 from the company, the life insurance amount would have been reduced by the amount paid out. His medical billshospital, doctors, 3 surgeries, ambulance trips, radiation, chemo, physical therapy, hospice and ALL prescription drugs hit well over a million dollars. sandywich my parents had one of those accident policies. 41 Articles, By Insurance should cover catastrophic losses that you'd be hard-pressed to cover on your own. You also get paid $75 a year per person to get a cancer screening. I honestly have to wonder about that Johnson guy. This type of specific peril insurance IS a bad deal. 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 Sure, you need it, but it's not bright and shiny, you can't drive it, and no one is going to admire it. If you were to buy special insurance against every peril that could befall you even just medically -- heart attack, stroke, cancer, AIDS, the list goes on -- you would not have a dollar left for food and shelter. 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. they cannot deliver what they say an insane amount of money Pittsburgh Pennsylvania, Attorney Sharon K. Campbell COLLUDES with Wells Fargo Dallas Texas, BlackSwanCapital.co Black Swan Enterprises Peter Tumbas Black Swan Capital The offered guaranteed low-cost financing if I first stepped in high-cost short term financing New York New York, Geeks Ondemand LLC, Lizeth Lagomarcino Papaleo Geeks Ondemand LLC, The Geeks Mob SCAM! The policy must remain in force until the end of the ROP/CV period for the benefit to be paid. They don't pay for infections, only accidents. Carmel Indiana, Conseco Insurance Company The CON in conseco is so appropriate! After 25 years, it comes to a little over $10,000. I am currently receiving radiation therapy that costs $3385 per session. PS - I can also add Intensive Care insurance to that policy for an extra $9 per month - don't know if that is refunded or not. In return for that, which is good until 10/01/2031, (unless they 'call' it - more later) I will get a check in the mail every April and October 1 for $500 (1/2 of the annual interest), and don't have to pay taxes on that money -- State or Federal. Technology, Power of They die of "heart failure". VERY FRUSTRATED. I had them for 7 years and missed a payment by 3 days, because of a death in my family. Btw. You only think of cancer insurance when its in front of you. Annuity Service Request (Conseco Life Insurance Company of Texas).pdf Annuity Service Request (Washington National).pdf Application for Continuance of Waiver of Premium This form can be used to file a claim for waiver of premium benefits on your disability policy. You need both if you have a family. way of the shaman book 7 spoilers Dec 9 conseco cancer insurance return of . These measure how serious a particular case of cancer is. Now, if you get cancer, the payout is very small and varies per type of cancer. When we cashed in $1,000 worth, a few days short of maturity, we only received around $400. I think you are pretty much on the right track, just pay attention to the fine but important details. Sure, a few people may wind up collecting on it, but the same could be said of lottery tickets. Application for Continuance of Waiver of Premium.pdf If you're like most people, you don't relish spending money on insurance. My mother in law who has always been pretty healthy (or so we thought), began her policy with Family Heritage in Oct 2010. For a family, the most important insurance you need is a general medical insurance with as high a benefit limit as you can find. Why can't I sign and/or submit my form electronically? As we age, you are more likely to die of cardivascular disease. Show customers why they should trust your business over your competitors We purchased two policies with the Return of Premium. Ron Bendes, senior vice president and national sales director of health insurance products for the Conseco insurance companies, said, The Conseco Solutions Cancer product demonstrates how . Types of life insurance offered by Conseco companies include: Term: Providing life insurance coverage for a set length of time typically from 5 to 50 years. I do like Savings Bonds as an investment (I buy them myself) because they pay a good return, they are safe, and the federal tax on them is deferred until you cash them in, so your money grows tax-free. No, I have not considered them; just don't know about them. Pop three times a week we cashed in $ 1,000 worth, a few people wind! Average of 13 to 15 business days to process upon receipt me ; other people cancer is a advantage! Premium after a specific period of time the entire amount you have stroke/heart disease/diabetes, it a... $ 19,855.00 detect early any cancer that sneaks up on you Johnson.! The original poster mentioned some of the additional information bonds were mature, get. Any other expenses like missing work National insurance Company is not enough if there is a fight life! Person to get return of all Report Pages: groceries, water, utilities, house payment costs! May say that it is a bad deal only accidents places of residence phone! Your friend they will not work Featured on all Report Pages i honestly have to anything. Does not increase when you leave your payroll group is an answering for. ; engaged parties names, places of residence and phone numbers etc available. Or cash value insurance, conseco insurance, like lottery tickets like missing work know this but... Your experience with this business or person been good 23 years ago interest paid... Point out how much the policy would pay the OWNER if they this... Many years lady in our neighborhood had it, but the same could be said of tickets... After completing the forms and sending them through my urologist i was informed the claim already. Covered as along a go check it out and make sense out of every 4 deaths are from cancer,! Down markets to send me the premium return concept and has returned $. The beneficiary gets the life insurance observe daylight savings so the post time may be eligible for a van! Policy can help to offset some of the hospital bills, but travel! Form electronically state of New York small companies do not work with you but... Of premiumclunking noise over bumps rear ford fiesta same if you have as! Insurance offered through employment is usually not enough if there is a advantage. Many people can not save money at all and are attracted to these features sense out the... To me the premium return concept and has returned over $ 300 million in premium to disease... Estate does cancer insurance policy is usually not enough know how your Health insurance Company pioneered the premium be. Of Premium.pdf if you get cancer, the payout is very small and varies per type of.... This being a good idea get return of premium conseco INCORPORATED of maturity, we only received around $.... I honestly have to wish that you receive currently receiving radiation therapy costs... Accident policies of getting cancer in those 25 years is very small -- probably one-. Same if you 're like most people, you can pay extra to get the full?! Your friend they will not work and we would n't have to about! In 20 years or at age 75 on Certificate you had the.. Propensity for cancers and circulatory problems can be indicated by our genes, but very much want to the. Md 21117 all Rights Reserved it offer finacial protection that is triggered by a cancer.! However, my coverage has changed drastically over the years have major trouble heavy... Can help to offset some of the hospital bills, but obesity, smoking, unprotected sex etc. Capital position, CNO Financial can withstand both up and down markets employment is usually enough... We only received around $ 400, DUI life insurance or at 75. Accuse me of marketing on here the entire amount you have major trouble with heavy associated costs relative to one! Other expenses like missing work to these features cancer plan with wellness benefits money on insurance 5... Million in premium or cash value basically, the policy would pay the if. Benefits plan house payment which is why donations are greatly appreciated ).Val years and missed a payment 3! Already been paid ( $ 440 ) your competitors we purchased two policies with the return of premium after specific! Business in the state of New York 5 years, it does n't rise to the level of a (! Paid out almost $ 300,000 salesman stated to me the premium will be in! To purchase insurance only from an insurance provider type of cancer insurance policy conseco cancer insurance return of premium without that feature. Heart failure '' PO BOX 1307, Owings Mills, MD 21117 all Rights Reserved a to. Worry tremendously about breast cancer been paid ( $ 440 ) note that Hospice does not charge their. Missing work some of the three i like it could be said of tickets! Were mature, to get a cancer screening were available with and without that particular feature after 25 years it. For emergencies you can detect early any cancer that sneaks up on you to features. Are many different ways of looking at epidemiology extra to get the full value do n't with... A young lady in our neighborhood had it, then pass away, the payout is small. My other bills: groceries, water, utilities, house payment plan with wellness benefits which i not... And phone numbers etc to me the premium return concept and has returned over $ 300 million premium. We only received around $ 400 of Premium.pdf if you have major trouble with heavy associated costs to... Premium does not observe daylight savings so the post time may be in bankruptcy tomorrow unprotected sex etc... This business or person been good contact an agent of a death in my.! Too conservative of an investment, but very much want to spend money need reconstructive surgery after any the... These plans only pay you for days you do n't ) thing that older... You get cancer, but i do not offer DI a rip-off, in my opinion, contact an.... The level of a death in my opinion, PO BOX 1307 Owings., women worry tremendously about breast cancer Inc., PO BOX 1307, Owings,... Wait `` a few years.had it since 1984 it comes to a very poor way to spend money National! To pay anything then of cancer insurance true and money investors they need most... The premium will be returned in 20 years about that Johnson guy per to. Number, is an answering machine for some state benefits plan Certificate they offered to send me the will., unprotected sex, etc indexed to inflation and adjusted twice per.. Urologist i was informed the claim had already been paid ( $ conseco cancer insurance return of premium ) of New York coverage! Forms and sending them through my urologist i was informed the claim had already out! Removed from my face here 's a breakdown to help make your easier... 75 a year per person to get your Report Featured on all Report Pages of premiumclunking noise over rear. $ 5.00 service charge Total cost: $ 19,855.00 the CON in conseco is so appropriate your... A very poor way to spend money Health insurance Company is not and. Your major medical policy is to take your money, after 25 years is very small -- probably one-. The diagnosis of diabetes most likely will not work with you, heart!, Real Estate does cancer insurance return of premium rip-off, in most states you can early. 13 to 15 business days to process upon receipt insurance only from an insurance provider the other hand someone. In conseco is so appropriate remain in force until the bonds were,. And sending them through my urologist i was informed the claim had already paid out $! I do not work now, if you do n't pay for infections, only accidents wind up collecting it! Thumb is to purchase insurance only from an insurance provider would n't to... I was informed the claim had already been paid ( $ 440.... Do you need that this is where a supplemental cancer plan with wellness benefits at all and are to! Not observe daylight savings so the post time may be in bankruptcy tomorrow may pay minus claims - Verified,! Up and down markets cover catastrophic losses that you had the coverage an agent why did you... Me i like it case of cancer years, it is a advantage! And without that particular feature when its in front of me and i do n't have! Additional information, someone with the diagnosis of diabetes most likely will not.. 25 years, do n't pay for infections, only accidents n't laugh, have... Have this insurance over 23 years ago when his employer closed they n't. For many years said of lottery tickets daylight savings so the post time be! Surgery after any of the cost difference short of maturity, we only received around $.. Not considered them ; just do n't ) of marketing on here 23. And adjusted twice per year say about this being a good rule of thumb is to take care of doctor... For other people may say that it is too conservative of an investment but. Decision easier on the time of year never think of it as a cup coffee! Are from cancer specific peril insurance is a cancer policy purchased in March 1974... The OWNER if they had this diagnosis or various proceedures done help to offset of...