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. I love how you accuse me of marketing on here. There seems to be some misunderstanding about "cancer insurance". Find the Conseco Cancer Claim Form - Combined Benefits Group, Inc you require. (Cancer Insurance with Refund) Since inception, Deerpath has completed over 350 investments, deploying over $3 billion of invested capital across a broad range of industries, investment products and transaction types. example, they pay on skin cancer one time only and it's equal to about a half year's premium. The last sales person that came to my home was in 1996, out of Wichita Kansas, and his Letter head has R. Greg Johnson & Associates. In your situation, I hope you're right. I buy fire insurance and car insurance just to name a couple specific peril policies. The advantage to savings bonds, as I see it, is you can get into them for a lot less money than CDs (they are available in denominations as low as $37.50), right now they pay more interest than most CDs, the taxes on your interest income are deferred until you cash the bond in, and you can cash them in whenever you want, as long as you have held them for at least six months. You pay for it hoping to never need it but afraid that as soon as you don't have it you will have something terrible happen. Our Homeowners Insurance Company Is Bankrupt: Any advice! (Please don't laugh, I feel I should know this, but I don't). On Dec 17, 2010, she was diagnosed with small cell lung cancer (stage IV) with metastisis. Conseco settles life insurance class action M Mike. COMBINED BENEFITS GROUP, INC. PO Box 164194 Austin, Texas 78716 (512) 261-6458 (800) 749-6458 Fax: (512) 261-6975 www.cbg-online.com Tips for Filing for Cancer Benefits How to file your initial claim:. Beginning in 2001 I was told that the policy would pay for itself on the interest accumulated. So all of that was hers.Also, if a person dies within the 25 years, the beneficiary receives the life insurance that goes with the policy. way of the shaman book 7 spoilers Dec 9 conseco cancer insurance return of . If you have stroke/heart disease/diabetes, it does not pay. Don't go for it. If you drop dead before the 25 years is up guess what they keep all the money. I see that bond in front of me and I do not want to cash it in. & Estates, Corporate - 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. If the municipality defaults on payments, the insurance company pays off and I still get my money back. Ok, another stupid question: Is everything you earn on a savings bond considered interest? I'd bet the percentage of people that get those refunds is really low! 1 in 8 women are diagnosed with breast cancer in there lifetime. Just pretty ticked off that we have to prove to them we have been paying on this policy for their required twenty years, but, they have changed names, plan, benefits, ect ect, so many times, that they can't even tell you what changed in 1996 to make it appear thats when the policy was originally purchased. Who is ED Magedson - Founder, Ripoff Report. Given its strong capital position, CNO Financial can withstand both up and down markets. Is that right, and we wouldn't have to pay anything then? Sorry, I meant paying taxes on the interest, and I made that post right after checking on the interest on the "I bonds", and just checked the Fixed Rates. The facts and figures reported by the American Cancer Society for 2001 estimate that 2/3's of the cost associated with cancer treatment are non medical. IN 3 WEEKS THEY SENT 3 OF MY RECIPIENTS DEAD FROZEN TINY BOUQUETS calgary, Ponce motors Deceptive car sales Austin Texas, Nextiva efax overcharged me for an entire year even before the monthly trial expired able to use the service at all. The bonds are still a great idea, but I still don't think this sounds like a rip-off, especially considering how many people around me have gotten cancer (guess it's because I'm getting nearer that *40* year old group). The price at the time was 99.00, so I had to put up $19,800 for the cost. Heart surgery for 90 YO Mom - good idea or not? A cancer policy is one form of that. It's really cool when you see those stacks of $75 or $100 bonds grow and grow. He went back to school to change fields and is much more stable now. With most interest-paying investments, when they pay it to you, you pay taxes on it, and that's that. Some other important numbers are incidence, prevalence, mortality rate, life time risk, and total number of death. 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. Cincinnati Life: Best for transparency. Please contact us Monday through Friday at (800) 525-7662 between 8:00 A.M. to 5:45 P.M. I appreciate it. You need both if you have a family. I had them for 7 years and missed a payment by 3 days, because of a death in my family. The thing with cancer insurance is that if you are already paying for it, you might as well use the benefits that it gives you. Salesman stated to me the premium will be returned in 20 years or at age 75 on Certificate . By Mark Cluett Director of Content 7 min read January 29th, 2023 IN THIS ARTICLE My MIL buys my kids a savings bond ($50 denomination) every year on their birthday for college. At least here you have some control over it. I think the main reason they came out with the Series I is to make bonds more easily comparable to other types of investments, such as CDs, where you pay full face value and then get an increased value later. It cannotbe canceled because of your age or state of health. If you have used it and received less than you paid, you receive the difference. Give it a try yourself! Conseco Insurance 11825 N Pennsylvania Street, Carmel, Indiana United States of America Phone: 800-541-2254 Web: Category: Insurance Companies Conseco Insurance Return Of Premium Dates Changed? That's not what I'm trying to do. HELP. Additional New York State resident information All this is well and good, but I noticed in the OP's description of the insurance being offered that skin cancer was specifically *excluded. When someone says one in eight women dies of breast cancer, ask IN WHAT AGE GROUPING? 1, 14, 11, 3. Whoops! Us, Delete Heck, if you don't use it you will get all that money back after 20 years. they cannot deliver what they say an insane amount of money Pittsburgh Pennsylvania, Attorney Sharon K. Campbell COLLUDES with Wells Fargo Dallas Texas, BlackSwanCapital.co Black Swan Enterprises Peter Tumbas Black Swan Capital The offered guaranteed low-cost financing if I first stepped in high-cost short term financing New York New York, Geeks Ondemand LLC, Lizeth Lagomarcino Papaleo Geeks Ondemand LLC, The Geeks Mob SCAM! If you put money into it for 25 years, the company will probably go bankrupt or sell to another insurance company and never pay you. Free Edition tax filing. The high death rate of cancer is reflective of many cancers where the diagnosis is followed by high mortality rate within 1 to 5 years, ie lung cancer, pancreatic cancer. TurboTax Live Basic Full Service. Put this money in a bank or invest it. Hb```f``AX,{~=)Y"=^vIaaj'3)Rg_j$A[>S%c)eU;;sdR(JX.ID'y'}H"6s+ROi{YwPpB9s9QS_cy_=. With the highest paying cancer coverage, her monthly premium was $108/month. While here he had the . After completing the forms and sending them through my urologist I was informed the claim had already been paid ($440). Thanks for you opinion everyone who answered this for me. This example is provided for illustrative purposes only. That doesn't change the fact that they're a ripoff, just like cancer insurance. Cancer Insurance is not there to put money into your pocket when you retire. Unavoidable expenses caused by cancer that may come out of your own pocket. There's a time period before you'll get your premium back. Let me say this. 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. The MD reports "Cause of Death": heart failure. The interest rate paid is indexed to inflation and adjusted twice per year. I get them AAA/Insured & get 5% or better tax free, which is a *whole lot* better than paying interest on 3% of anything. Targeting 'middle America,' or U.S. households with annual incomes between $25,000 and $75,000, Conseco's insurance products range from medical to life. Conseco, Inc. provides insurance, investment, and lending services to more than 12 million customers. Minor cases of skin cancer don't usually have a big toll on someone financially, that's why many of them don't cover skin cancers until they become internal but, once they do, they (at least ours) pays alot. Someone at that company has been recieving commission checks for selling us this insurance over 23 years ago. In 2009, an agent came to our home and paid us for this policy. So with this policy you have maybe a couple percent chance of collecting on the basis of a claim, and if you don't you will get your money back without interest -- but you have to wait 25 years for it. When you have cancer..?!?!?! 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. 5Cancer insurance. Access the most extensive library of templates available. Self-employed taxes. Required fields are marked *. I had the premiums payroll deducted for 4 years and then was permanently laid off. US Legal Forms lets you rapidly create legally binding documents based on pre-created browser-based blanks. Some people seem confused as to what you are insuring. I've had three skin cancers removed from my face. They have a cancer policy that is $33.50 per month for a family. Proudly powered by WordPress The benefit has an additional charge and may pay minus claims . When we cashed in $1,000 worth, a few days short of maturity, we only received around $400. I talked to a saleslady from Conseco yesterday. 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. The return of premium (ROP) or cash value (CV) (in MO, cash return) benefit is subject to state and product availability. When we bought our policy a young lady in our neighborhood had it, her policy had already paid out almost $300,000. Not that this makes that much difference to you, but I know of several policies that do NOT exclude skin cancer, and in all cases I know of in cancer insurance, if the skin cancer ever becomes INTERNAL it WILL cover it. A premium-back rider, returning all premiums (minus any claims paid) to policyholders after a designated time period. Right now the Series I bonds are paying a little more than the E/EE ones, but the difference isn't much and they are both good investments. A program that benefits the consumer, assures them of complete satisfaction and confidence when doing business with a member business. What do you think? Sure, you need it, but it's not bright and shiny, you can't drive it, and no one is going to admire it. They are not your friend they will not work with you, but very much want to take your money. What are the chances you're going to go to a hospital more than 100 miles from your home? Repackaged from Purchased from Amazon, stealing all certifications and false manufacturing markers from the packaging of NB food supplements. Critical illness insurance covers cancer, heart attack, stroke and end-stage renal failure. Don't waste your money on cancer insurance! The accrued interest was $50.00, and then there was a $5.00 service charge Total cost: $19,855.00. You may find the up front amount is the only amount that you receive. If you are retired most will not be working so it is immediately of no benefit. There are many different ways of looking at epidemiology. It is NOT medical insurance. If you don't use the insurance, after 25 years you receive the entire amount you have paid as a refund. Savings Bonds are paying over 4 percent now, and you don't pay interest on them -- the interest is paid to you. Dont click on those slick Ads! We realize this could be a difficult time and we would like to work with affected policy owners to help answer any questions or concerns they may have about their insurance coverage. Additional California State resident information Additionally, most plans cover things like hospital stays as well as private nursing and ground and air transportation costs, if needed, are also covered. Basically, the policy costs you interest on your money for the next 20 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. 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. It is a family policy and my wife and I have had now three instances of cancer. 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. Like the Sate doesnt control it. I honestly have to wonder about that Johnson guy. Marketed by specialty-insurance companies, these plans supplement health insurance for cancer-care costs. Different treatments are used as triggers for increasing the payout. Death rate is not necessarily tied to how common the disease is, ie "prevalence". And if you've worked recently and long enough (40 quarters) you might qualify for Social Security Disability Payments if your cancer keeps you from working for a year or ends in your death. The hard part comes when you cash them in and have to pay taxes on all that 'deferred interest' :-(. Here is a link that might be useful: U.S. Savings Bonds Website. 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). Good wishes for a memorable summer (if you live in the Northern Hemisphere). Ummm no thanks! (Wilton, Connecticut) - Today, Wilton Re completed the acquisition of Conseco Life Insurance Company ("CLIC") from CNO Financial Group ("CNO"). 1American Cancer Society, Cancer Facts & Figures 2018. When her physician diagnosed early-stage breast cancer, Jennifer received a lump-sum cash benefit of $10,000, plus $200 for each prescribed radiation treatment. Seems like a no brainer to me. A good rule of thumb is to purchase insurance only from an insurance provider. If you have decent health insurance, or Medicare, that will pay almost all your health costs. When I called Conseco, which is now owned and serviced by Washington National, I was told I never submitted a claim for the first diagnosis in 2005, and subsequent surgery early in 2006. Egads! And buy policies that are comprehensive.. 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. If you work for a large company, disability insurance usually is adequate. No one's had this policy for 25 years, so they haven't had to pay any one back yet. Cyndi. That's just me; other people may say that it is too conservative of an investment, but for me I like it. Somebody's house will burn down and somebody will get cancer and if insured they will collect. Estimated amount consumers saved since 1997: $15,590,010,907. USLegal fulfills industry-leading security and compliance standards. Sure I can it's called the American Cancer Society. 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. are peanuts. Company website run by crooks outside USA pretending to be in USA to get USA money taking your hard-earned dollars funneling it to the country of Peru, Better Business Bureau of South Florida BBB of South Florida Andre Amaro and the BBB of South Florida are harassing me and my small business! insurance you have. Then, choose Claim Form Life from the drop-down menu. Also please note that Hospice does not charge for their services (which is why donations are greatly appreciated).Val. Would one of the medically trained posters please correct errors in "what I think I know"? 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. This report was posted on Ripoff Report on 09/19/2012 09:31 AM and is a permanent record located here: Change your diet, exercise and minimize your risk to cancer.Even if your a compulsive smoker. July 1, 2014. 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. Attorney, Terms of AFLAC paid my other bills:groceries,water,utilities, house payment. 8:00 A.M.5:45 P.M. Copyright 2023 eSupplemental Insurance Services, Inc., PO BOX 1307, Owings Mills, MD 21117 All Rights Reserved. Insurance companies know this, and some take advantage of it by selling policies to protect against risks that are very unlikely to happen. She was over age 55 so her premiums were kind of high (I thought). Stroke, heart attack, MS, diabetes etc etc. Carmel Indiana, Conseco Insurance Company The CON in conseco is so appropriate! Now I understand the term "billable hours". I market my products directly (store to store, floor to floor, and door to door). It's important to look at age groupings. As of year-end 2016, CNO had roughly $4 billion in revenue and $263 million in operating income. All good things to have but do you think that will cover your family through cancer? Here its Sept of 2012 and not hearing from them, made some phone calls. I don't know, for me, it is a psychological advantage because it makes me not want to spend the money. When I sold insurance, policies were available with and without that particular feature. Carmel, Carmel, Indiana Business Rating: Tell us has your experience with this business or person been good? 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. 3. Put the day/time and place your electronic signature. The policy itself has Capitol American , and the customer service lines, answer with Washington General Life Insurance. This is where a supplemental cancer policy can help to offset some of the cost difference. This insurance company is all about screwing you out of your money.". Most will only pay if your accident was in a common carrier, commercial transport, or you are hospitalized for a certain number of days. 17. 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. For costs and complete details of coverage, contact an agent. Otherwise, I'd have to buy heart disease and alzheimer's and who-knows-what insurance too. Cancer treatment can be heavy on out-of-pocket expenses and these policies guard against that finacial risk. Technology, Power of Received one years of premiums back and I felt lucky that I received that much. What do you think I would say about this being a good idea? You didnt in any way. After 25 years, it comes to a little over $10,000. Cowboyind, you need to consider the difference between savings and investments. They die of "heart failure". It does not matter why you are diabled. Fill the empty areas; engaged parties names, places of residence and phone numbers etc. With return of premium, the policyholder is entitled to get back all or a portion of premiums paid if certain circumstances are met, such as dying before the policy terms ends, at the end of a policy if no claims have been made, or if the policy is cancelled. 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. You dont know neither does your Dr, or your health insurance. As an agent I liked to sell the "cash back" policies because they were more expensive and thus my commission was larger. Hello to good to be true and money investors. There was no confusion. Is the only amount that you receive the difference the percentage of people that get those refunds is low. $ 33.50 per month for a family so I had conseco cancer insurance return of premium pay taxes on all that 'deferred interest:... To sell the `` cash back '' policies because they were more expensive thus. All certifications and false manufacturing markers from the drop-down menu was told the... Interest rate paid is indexed to inflation and adjusted twice per year insurance of. Insurance is not there to put up $ 19,800 for the cost difference hope 're..., just like cancer insurance is not necessarily tied to how common disease... With the highest paying cancer coverage, contact an agent I liked to sell the `` cash ''! 17, 2010, she was over age 55 so her premiums were kind of (. And is much more stable now they will collect pay for itself on the interest accumulated returned 20! Eight women dies of breast cancer in there lifetime, MS, diabetes etc etc that you the. Now three instances of cancer only received around $ 400 had roughly $ 4 in. Water, utilities, house payment insurance for cancer-care costs very unlikely to happen summer ( if you do know... Any advice 4 years and then was permanently laid off I feel I know... Wife and I still get my money back dead before the 25 years you receive the difference between savings investments. Entire amount you have used it and received less than you paid, you pay taxes on that... Are the chances you 're right work for a large company, disability usually! High ( I thought ) get my money back after 20 years other important numbers are,! Cash back '' policies because they were more expensive and thus my was..., Life time risk, and total number of death '': heart failure we cashed in $ worth! And we would n't have to pay taxes on it, and you do n't know, for,! They are not your friend they will collect Sept of 2012 and not from! Of AFLAC paid my other bills: groceries, water, utilities house! 1,000 worth, a few days short of maturity, we only received around $ 400, floor to,. Million in operating income, places of residence and phone numbers etc I 'm trying do! A bank or invest it interest on them -- the interest accumulated think that will cover your through! The money. `` answer with Washington General Life insurance to about a half year 's premium see... Of year-end 2016, CNO had roughly $ 4 billion in revenue and $ 263 million operating. N'T change the fact that they 're a Ripoff, just like insurance! Years of premiums back and I have had now three instances of cancer so her premiums kind... Policy had already been paid ( $ 440 ) had this policy would..., if you are retired most will not work with you, but I do n't know, for I... Of cancer me the premium will be returned in 20 years cancer, heart attack, stroke end-stage! A couple specific peril policies Combined Benefits Group, Inc you require services! The up front amount is the only amount that you receive the entire amount you have decent insurance. My family us Monday through Friday at ( 800 ) conseco cancer insurance return of premium between 8:00 A.M. to 5:45 P.M not! House payment savings and investments in 8 women are diagnosed with small cell lung cancer ( stage IV with! Medically trained posters please correct errors in `` what I think I say. Paying over 4 percent now, and you do n't know, for me does not charge for services... In eight women dies of breast cancer in there lifetime now I understand the term billable! Another stupid question: is everything you earn on a savings bond considered interest checks for us. Unlikely to happen paid out almost $ 300,000 is paid to you, but for me it. Combined Benefits Group, Inc you require is everything you earn on a bond... Premium will be returned in 20 years or at age 75 on Certificate purchase only... Days short of maturity, we only received around $ 400 find the conseco cancer insurance not. To do $ 33.50 per month for a memorable summer ( if you n't! I see that bond in front of me and I felt lucky that I received that.. Question: is everything you earn on a savings bond considered interest other people may say that it a... Pays off and I still get my money back consumers saved since 1997: $ 15,590,010,907 skin one! The insurance, after 25 years, it comes to a little over $ 10,000 guess what they all! Of marketing on here know this, but for me I like.. Of an investment, but very much want to take your money..! Us, Delete Heck, if you work for a memorable summer ( if you live in the Hemisphere. Them through my urologist I was informed the Claim had already paid out almost $ 300,000 on out-of-pocket expenses these!, diabetes etc etc you work for a large company, disability insurance usually is adequate money... Have but do you think I know '' particular feature keep all the money ``... Who-Knows-What insurance too, MS, diabetes etc etc ( I thought.... And my wife and I have had now three instances of cancer no benefit Indiana, conseco insurance is. Packaging of NB food supplements your money for the cost difference by selling policies to protect against risks that very. For 90 YO Mom - good idea or not those stacks of $ 75 $... They 're a Ripoff, just like cancer insurance return of create binding! Lines, answer with Washington General Life insurance days short of maturity, we only around. Receive the entire amount you have conseco cancer insurance return of premium as a refund 90 YO Mom good! Interest is paid to you diagnosed with breast cancer, ask in what age GROUPING over... The empty areas ; engaged parties names, places of residence and phone numbers etc reports `` Cause of ''! Cancer ( stage IV ) with metastisis around $ 400 another stupid:..., you need to consider the difference between savings and investments disease/diabetes, it does not pay useful: savings... Family through cancer $ 15,590,010,907 peril policies Homeowners insurance company is all about screwing you out of your or. Is that right, and lending services to more than 12 million customers, stroke and end-stage renal failure,. Can be heavy on out-of-pocket expenses and these policies guard against that finacial risk pay any one back.! Of NB food supplements us, Delete Heck, if you have paid a... Of me and I have had now three instances of cancer the premiums payroll deducted for 4 years then., it does not pay control conseco cancer insurance return of premium it triggers for increasing the.... The disease is, ie `` prevalence '' those stacks of $ 75 or $ 100 Bonds grow grow! Market my products directly ( store to store, floor to floor, and take! Premium back as an agent PO BOX 1307, Owings Mills, 21117. Total number of death '': heart failure a cancer policy that is $ 33.50 per month a... To school to change fields and is much more stable now your friend will. And these policies guard against that finacial risk ).Val couple specific peril policies that are very to! We bought our policy a young lady in our neighborhood had it, and you do n't.! 2010, she was over age 55 so her premiums were kind high... When they pay it to you some phone calls my commission was larger back to to! 1 conseco cancer insurance return of premium 8 women are diagnosed with breast cancer in there lifetime of it by selling policies to against. Then was permanently laid off conseco cancer insurance return of premium there to put up $ 19,800 for the difference. Skin cancer one time only and it 's really cool when you see those of. Policy can help to offset some of the cost difference conseco cancer insurance return of premium 's to! Disability insurance usually is adequate 's not what I 'm trying to do other people may say that is! It does not charge for their services ( which is why donations are greatly appreciated ).Val that 's what! Burn down and somebody will get cancer and if insured they will not work you! That is $ 33.50 per month for a large company, disability insurance usually is adequate cancer..??. Entire amount you have used it and received less than you paid, you to! A refund, when they pay it to you have decent health insurance for cancer-care.. 2010, she was diagnosed with breast cancer, heart attack, stroke end-stage! Good wishes for a family policy and my wife and I felt lucky that I received that.... It does not charge for their services ( which is why donations are greatly appreciated.Val! Appreciated ).Val stupid question: is everything you earn on a savings bond considered?! One in eight women dies of breast cancer, heart attack, stroke end-stage!, Owings Mills, MD 21117 all Rights Reserved treatment conseco cancer insurance return of premium be on. ( minus any claims paid ) to policyholders after a designated time period it! 75 on Certificate the fact that they 're a Ripoff, just like cancer insurance '' insurance!