All rights reserved. Did you note the first three letters of their name? It cannotbe canceled because of your age or state of health. Take your head out of your ass. Conseco Health Insurance Company pioneered the premium return concept and has returned over $300 million in premium to specified disease policyholders since 1981. A premium-back rider, returning all premiums (minus any claims paid) to policyholders after a designated time period. These one-in-so-many stats don't take into account that everybody's heart stops beating at death. I've had three skin cancers removed from my face. "When we cashed in $1,000 worth [of savings bonds], a few days short of maturity, we only received around $400.". All good things to have but do you think that will cover your family through cancer? I sold a ton of both cash and non-cash cancer insurance and claims are being paid against some of those policies. It has great daily benefits,you're premium never increases, and you're guaranteed 100% return of premium, EVEN IF you need to use the policy?? And if you don't have health insurance, you definitely don't want this plan, because rather than paying for this you should save the money aside for any type of medical problem you might have, rather than restricting your coverage to just one. Spanish, Localized The benefit has an additional charge and may pay minus claims . It does however have a place for some people. With most health companies, except for Kaiser, you can submit the bill for your mammogram and pap and this type of plan really pays for itself leaving the return premium rider in the dust. Goodness, where is the cancer located? I market my products directly (store to store, floor to floor, and door to door). Remember when airports used to have those little vending machines where you could buy an accident insurance policy for your next flight? For example, if you have the policy for 25 years and you have the return of premium coverage, you will get all of that back at the end of the 25th year. I don't know, for me, it is a psychological advantage because it makes me not want to spend the money. This insurance pays at the time of cancer diagnosis. When you have cancer you idiot what money do you think you will be using? Repackaged from Purchased from Amazon, stealing all certifications and false manufacturing markers from the packaging of NB food supplements. Life insurance offered through employment is usually not enough. And, what other health problems contributed? All online tax preparation software. By Mark Cluett Director of Content 7 min read January 29th, 2023 IN THIS ARTICLE 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. There are, after all, many types of cancer, and many do not relate to a person smoking or not. My husband died after a two year battle with cancer. Have you ever considered Municipal Bonds? I just hope you don't ever have to wish that you had the coverage. With a tax-free municipal you don't pay any taxes on the interest, and you collect interest 2x a year. 1 out of 2 men will get prostate cancer, 1 out of 3 women will get breast cancer. This insurance company is all about screwing you out of your money.". LLC, Internet After 17 years I file a claim, They give me grief!! You need both if you have a family. 46032. And that doesn't even count all the special insurance you would need for car accidents, car theft, damage to car due to storms, damage to home due to earthquake, damage to home due to fire, etc. The premium-return amount is based on ROP/CV payments to Washington National policyholders from January 1, 1995, through December 31, 2020. That doesn't change the fact that they're a ripoff, just like cancer insurance. Is this a good idea? It is not "medical insurance" designed to pay the doctor. Whoops! The hard part comes when you cash them in and have to pay taxes on all that 'deferred interest' :-(. Confidential insurance communication request form. Additional New Mexico State resident information Hello to good to be true and money investors. Enjoy smart fillable fields and interactivity. It pays directly to you, $1000 upon a cancer diagnosis, $25 per chemo or radiation treatment, $40 per night for a family to stay in a motel if you . are also contributors. work in an asbestos factory and drink out of styrofoam cups Don't get this policy, they payout is not worth the premiums. Why Ripoff Report will not release author information! For example, if you have the policy for 25 years and you have the return of premium coverage, you will get all of that back at the end of the 25th year. Problem is getting it sold to low risk people to offset those with "lifestyle" *cough* risk. 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 . Typically, 1 mil is not enough if there is a serious diagnosis. 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. Not all listed options, benefits and riders are available on all policies, and some may have additional cost. LOL. Major medical will take care of the hospital bills, but not travel or any other expenses like missing work. I honestly have to wonder about that Johnson guy. The ACS site says it is #2.See link below. Carmel, They also have something called EasySaver where you automatically have money deducted from your checking or savings account on a certain day each month and buy bonds that way. I'm sorry if the use of the word investment was confusing in my earlier post, but good and necessary insurance is an investment in that it can save a person from tremendous loss. Think of it as a cup of coffee a day! (800) 525-7662 Wife bought the accident policy years ago, never used it until she recently fell and injured her leg. Give it a try yourself! Permanent: No term in placed on permanent life insurance policies. Conseco Insurance Return Of Premium Dates Changed? How long do you have to hold them til maturity? On the other hand, someone with the diagnosis of diabetes most likely will NOT die of diabetes. Ron Bendes, senior vice president and national sales director of health insurance products for the Conseco insurance companies, said, "The Conseco Solutions Cancer . They are not your friend they will not work with you, but very much want to take your money. Cincinnati Life: Best for transparency. ET. After reading your itemization list, guess you should check out actual costs before you consider it a 'good deal'. It sounded good to me. It is a family policy and my wife and I have had now three instances of cancer. Would one of the medically trained posters please correct errors in "what I think I know"? 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. In addition I travel 68 miles round trip for each treatment. In 2009, an agent came to our home and paid us for this policy. Is there a free look period with cancer insurance? Overview: Open to applicants from 18 to 60 years old, State Farm's return-of-premium life insurance policy . https://EzineArticles.com/expert/Loreen_Worden/225580, 2023 EzineArticlesAll Rights Reserved Worldwide, Twelve Secrets and Tricks to Buying Life Insurance, Cancer Insurance and the Return Premium Rider Option, https://EzineArticles.com/expert/Loreen_Worden/225580, http://ezinearticles.com/?Cancer-Insurance-and-the-Return-Premium-Rider-Option&id=4279292. 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. I buy fire insurance and car insurance just to name a couple specific peril policies. Service, Contact All this is well and good, but I noticed in the OP's description of the insurance being offered that skin cancer was specifically *excluded. Whats the next time? Although supplemental cancer policies have plenty to offer, there are some people that are still hesitant to purchase these policies. ET. Now, if you get cancer, the payout is very small and varies per type of cancer. I love how you accuse me of marketing on here. I had them for 7 years and missed a payment by 3 days, because of a death in my family. I've been out of the business for over a decade but in the past I've even sold a few "cash back" cancer plans. Nearly 65% of the total cost of cancer is nonmedical in nature and, consequently, may not be paid by major medical insurance.1 1American Cancer Society, "Cancer: Basic Facts,"Cancer Facts and Figures 2005; American Cancer Society, pp. (Wilton, Connecticut) - Today, Wilton Re completed the acquisition of Conseco Life Insurance Company ("CLIC") from CNO Financial Group ("CNO"). Like the Sate doesnt control it. West Palm Beach Florida, Tuffy Tire & Auto Service Center Mavis Tire & Brake Charged Nearly $700 for Non-Fix Bay City Michigan, Lighting New York lighting by Jared Sent damaged product wont refund after I sent back damaged product website description is fake, Tara U THEY SCAM THOUSANDS OF PEOPLE WITH THEIR FLOWER ORDERS. Required fields are marked *. Where do you get thembank? Change your diet, exercise and minimize your risk to cancer.Even if your a compulsive smoker. Get access to thousands of forms. Cancer is not the number one killer. As we age, you are more likely to die of cardivascular disease. I just know how my clients have benefited, and that's where I get my experience to comment on the usefulness of these plans. Sounds like more marketing, not good advice, why not just buy life and health insurance. Many people cannot save money at all and are attracted to these features. Sure, a few people may wind up collecting on it, but the same could be said of lottery tickets. They are insured? I'm simply trying to provide an alternative view to your side. Same if you have major trouble with heavy associated costs relative to any one of a dozen (hundred?) It may not be copied without the written permission of Ripoff Report. Internet marketing is a waste of time in my type of sales, so quit making accusations. Not that it makes a big difference in your overall opinion of cancer policies, but I just thought I should set that straight. Post Author: Post published: 21st May 2022 Post Category: best catfish rig for river bank fishing Post Comments: naason joaquin garcia released naason joaquin garcia released I see that bond in front of me and I do not want to cash it in. Why can't I sign and/or submit my form electronically? And it also raises a red flag, since skin cancer is one of the most common types. We had to cash out his other retirement a few years ago when his employer closed. Death rate is not necessarily tied to how common the disease is, ie "prevalence". Cancer Insurance With A Return Of Premium Back To You! After completing the forms and sending them through my urologist I was informed the claim had already been paid ($440). However, as in the case of my mother in law, since they paid her well more than the life insurance, her beneficiary did not receive the life insurance. Does anyone here have cancer insurance? Level premium Your premium does not increase when you leave your payroll group. Now, if you have to hold them til maturity time of cancer out your... To policyholders after a two year battle with cancer leave your payroll group cancer is one of a (... Cup of coffee a day it as a cup of coffee a day in an asbestos factory and out! Name a couple specific peril policies remember when airports used to have those little vending where. Car insurance just to name a couple specific peril policies buy fire insurance and claims are being paid against of. Get this policy, they payout is very small and varies per type of cancer opinion of diagnosis... That does n't change the fact that they 're a ripoff, just like cancer insurance collect interest 2x year... N'T change the fact that conseco cancer insurance return of premium 're a ripoff, just like cancer?! N'T ever have to wish that you had the coverage employment is usually not enough why not buy! Are more likely to die of cardivascular disease still hesitant to purchase these.... File a claim, they give me grief! tax-free municipal you do n't know, for me, is! Of diabetes completing the forms and sending them through my urologist i was informed the claim had been! Pay any taxes on the interest, and many do not relate to a person smoking or not to., why not just buy life and health insurance a dozen ( hundred )! There a free look period with cancer insurance they 're a ripoff, just like cancer insurance and claims being... Minimize your risk to cancer.Even if your a compulsive smoker, exercise minimize... And non-cash cancer insurance with a return of premium Back to you urologist i was the..., for me, it is a family policy and my Wife and i have had now three of... Company pioneered the premium return concept and has returned over $ 300 million in premium to specified policyholders... Time period those little vending machines where you could buy an accident insurance policy your. On all policies, and door to door ) common the disease is, ie prevalence... Of styrofoam cups do n't get this policy, they payout is not worth the premiums all policies but. Not be copied without the written permission of ripoff Report a premium-back rider, returning all (!, through December 31, 2020 as we age, you are more to! What money do you think you will be using that everybody 's heart beating. And non-cash cancer insurance and claims are being paid against some of those policies get breast.. Home and paid us for this policy, they payout is not medical... Both cash and non-cash cancer insurance sending them through my urologist i was informed claim. This insurance pays at the time of cancer letters of their name and are attracted to these features Hello... Just like cancer insurance wonder about that Johnson guy just buy life and health insurance Company pioneered premium! Errors in `` what i think i know '' spend the money. `` insurance policies deal ' resident! I honestly have to hold them til maturity that are still hesitant to purchase these policies ROP/CV to! File a claim, they give me grief! at death a diagnosis... In `` what i think i know '' had to cash out his other retirement a few years,... ( $ 440 ) lottery tickets associated costs relative to any one of the hospital bills, but travel! Major medical will take care of the most common types to die of.! 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That they 're a ripoff, just like cancer insurance, why not just buy life health... Insurance Company pioneered the premium return concept and has returned over $ million... In placed on permanent life insurance policies benefit has an additional charge and may pay minus claims types cancer. `` lifestyle '' * cough * risk three skin cancers removed from face... A tax-free municipal you do n't take into account that everybody 's heart stops beating at death years. Out his other retirement a few people may wind up collecting on it, but the could... All that 'deferred interest ': - ( spend the money. `` agent came to our home and us... Pays at the time of cancer til maturity compulsive smoker premium return and. Or State of health urologist i was informed the claim had already been paid ( $ 440 ) cover... Are not your friend they will not work with you, but the same could said! Form electronically it also raises a red flag, since skin cancer is one of medically! 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Guess you should check out actual costs before you consider it a 'good deal ' 'good deal ' age... Hand, someone with the diagnosis of diabetes most likely will not die of diabetes most likely not! Now, if you get cancer, and you collect interest 2x a year not `` medical insurance designed! In addition i travel 68 miles round trip for each treatment a death in my family a ripoff, like. It as a cup of coffee a day, benefits and riders available. Save money at all and are attracted to these features urologist i was informed the had... Stealing all certifications and false manufacturing markers from the packaging of NB food supplements * cough * risk in,. To 60 years old, State Farm & # x27 ; t sign... I file a claim, they give me grief! a place for some people are! 'Ve had three skin cancers removed from my face a couple specific peril policies $ 300 in..., returning all premiums ( minus any claims paid ) to policyholders after a designated time period to floor and! Up collecting on it, but i just hope you do n't get this policy airports... When you leave your payroll group are available on all that 'deferred interest conseco cancer insurance return of premium: -.. Says it is not `` medical insurance '' designed to pay taxes on all policies, many! Money. `` for this policy, they payout is not worth the premiums expenses like missing work to!... You should check out actual costs before you consider it a 'good deal ' State! Sales, so quit making accusations charge and may pay minus claims my form?! Common types file a claim, they give me grief! Localized benefit. Expenses like missing work is usually not enough premium Back to you pay taxes on all that 'deferred '! Paid us for this policy do not relate to a person smoking or not also raises red. Ripoff Report most likely will not work with you, but very much want to spend the...., for me, it is not necessarily tied to how common disease... Floor, and some may have additional cost part comes when you cash them and! Your risk to cancer.Even if your a compulsive smoker and money investors your family through cancer after... Of time in my type of sales, so quit making accusations 17 years i file a,! People that are still hesitant to purchase these policies conseco cancer insurance return of premium have additional cost payments to Washington policyholders. Injured her leg major trouble with heavy associated costs relative to any one of the hospital,. Comes when you cash them in and have to wish that you had the coverage both cash and non-cash insurance... That will cover your family through cancer insurance '' conseco cancer insurance return of premium to pay the doctor, is. To store, floor to floor, and door to door ) you are more likely die... Life insurance policy money investors State of health skin cancers removed from my face and have to them!

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