Goodness, where is the cancer located? 4. If you have any questions, please contact customer service at (800) 525-7662. What better proof do you need that this is a poor insurance investment? And then there were lab fees, radiologists to interpret the X-rays, consulting physicians that came to visit, and much, much more. HELP. If you save $40 per month for emergencies you can use it for whatever you want. Planning, Wills 3. 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. TurboTax Live tax expert products. 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. There are, after all, many types of cancer, and many do not relate to a person smoking or not. AFLAC paid my other bills:groceries,water,utilities, house payment. 1, 14, 11, 3. 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. What if u lose your job this might be one of the things that don't get paid. Btw. I would not recommend it to most people. Access your account 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. You are at right place get all, Your email address will not be published. It offer finacial protection that is triggered by a cancer diagnosis. 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. Here is a link that might be useful: National Cancer Institute. Ripoff Report | Complaints Reviews Scams Lawsuits Frauds Reported. This report was posted on Ripoff Report on 09/19/2012 09:31 AM and is a permanent record located here: They did pay for the ER visit, but refused the hospital stay which was supposed to pay her $500 per day. According to them, 1 in 2 men will get cancer, and it is the leading cause of death in men. After completing the forms and sending them through my urologist I was informed the claim had already been paid ($440). Experience a faster way to fill out and sign forms on the web. Financial advisors do not recommend insurance against one specific thing. I have this insurance, I have already received my premium payback once and will again in a few years.had it since 1984. strict standards for business conduct. A premium-back rider, returning all premiums (minus any claims paid) to policyholders after a designated time period. 46032. For more information aboutConseco, please visit their home . 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. There are three types of skin cancers - basal cell, squamous cell, and melanoma. Or give us a call at (800) 525-7662, Monday-Friday, 8:00 A.M.-5:45 P.M. Our Homeowners Insurance Company Is Bankrupt: Any advice! Like the Sate doesnt control it. Take your head out of your ass. These one-in-so-many stats don't take into account that everybody's heart stops beating at death. Marketed by specialty-insurance companies, these plans supplement health insurance for cancer-care costs. 9 Dec 1960 cadillac coupe deville for sale craigslist. Their reason is that the hospitalization was for an infection at the injury site. Let me say this. I think you're absolutely wrong, and you think I'm absolutely wrong. If the municipality defaults on payments, the insurance company pays off and I still get my money back. Their goal is to offer financial security [] 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. Carmel Indiana, CONSECO, CONSECO INSURANCE, CONSECO INCORPORATED I feel ripped off, since they took 12 years of insurance premiums out of my bank account on my dead husband Carmel Indiana, GreenTree Servicing and Conseco Insurance ripoff! Trina, thanks for all of the additional information. All online tax preparation software. I've had three skin cancers removed from my face. Gina: True, you have to pay taxes on the interest you earned on Savings Bonds when you cash them in, but you can be careful about when you cash them in and time it so that you, say, cash a little in this year and a little next, and reduce the tax bill for that year. Death rate is not necessarily tied to how common the disease is, ie "prevalence". This return of premium coverage adds 50 - 75% more to the cost of the policy per month. Level premium Your premium does not increase when you leave your payroll group. Then your life insurance and disability insurance. It is important to keep in mind, however, that cancer insurance essentially pays for itself! Cancer Insurance With A Return Of Premium Back To You! 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. 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. 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?" Give it a try yourself! insurance you have. The insured is covered as along a 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. 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)! Have you ever considered Municipal Bonds? Some might be: The policy has to be in force for 5 years before a partial refund and 20 years for a full refund - ask your agent for details. If you have used it and received less than you paid, you receive the difference. VERY FRUSTRATED. The premium-return amount is based on ROP/CV payments to Washington National policyholders from January 1, 1995, through December 31, 2020. Whats the next time? 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. Sure, a few people may wind up collecting on it, but the same could be said of lottery tickets. I'm waiting to see how they cover him and his expenses. On the other hand, someone with the diagnosis of diabetes most likely will NOT die of diabetes. Please note that this is an estimate and may be impacted by the unique circumstances of your request. I asked for a list of benefits that the policy covers and they sent me the EOB for the first claim and a certificate stating that I do in fact have a policy. So, they got $2200.00 out of me and I have no chance of a refund. CDs are a similar type of investment to U.S. Savings Bonds in that both are very safe. 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. Why didn't you wait "a few days" until the bonds were mature, to get the full value? (800) 525-7662 If a person wanted to use this amount $25-50 per month, would you suggest savings bonds, CD's, etc? Carmel, If you don't use the insurance, after 25 years you receive the entire amount you have paid as a refund. That's just me; other people may say that it is too conservative of an investment, but for me I like it. By Mark Cluett Director of Content 7 min read January 29th, 2023 IN THIS ARTICLE I would invite any one who does not believe me on this issue to consider that one state (New Jersey) does not even currently allow this type of insurance to be sold, and Massachusetts restricts it so severely that it is essentially outlawed. I have a Conseco Cancer policy purchased in March of 1974. It is in no way comparable to fire or car insurance, and even to discuss cancer insurance in the same sentence as auto and homeowners insurance is to grossly mislead people. On Dec 17, 2010, she was diagnosed with small cell lung cancer (stage IV) with metastisis. Every state has a different insurance department so policies can differ from state to state. For most policies it's 25 years. Typically, 1 mil is not enough if there is a serious diagnosis. Permanent: No term in placed on permanent life insurance policies. It isn't like you can insure against death. Copyright 2023 eSupplemental Insurance Services, Inc., PO BOX 1307, Owings Mills, MD 21117 All Rights Reserved. "You are much better off not buying this insurance. Is that right, and we wouldn't have to pay anything then? Cincinnati Life: Best for transparency. ET. I may get into that myself. Choose the company that holds the life insurance policy Conseco Life, Conseco Life of Texas or Washington National. Stroke, heart attack, MS, diabetes etc etc. The actual benefits say:$1000 upon diagnosis of cancer except skin cancer$600 (up to) per day after 90th day of hospital confinement$25 (up to) per day for FDA approved drugs and medicine, x-rays & lab$30 (up to) per day for physician other than surgeon$125 (up to) physician ordered services of private nurse$150 (up to) one way trips via ambulance$2500 Lukemia Bone Marrow Transplant$1000 (up to) .25 cents per mile for transportation by car more than 100 miles from your home$1000 (up to) transportation of family members more than 100 miles from your home - 25 cents per mile$40 (up to) lodging for one immediate family member if you are confined to hospital more than 100 miles from home$150 (up to) 2nd and 3rd surgical opinions$135-$4500 for each operation that diagnosis or treats cancer, including biopsies$34-$1125 anesthesia$1000 (up to) per prosthetic devices needed within 3 years of surgery$actual charges of reconstructive breast surgery up to the amount paid for mastectomy$175 (up to) radiation & chemo per day$100 paid upon first treatment of radiation or chemo$40 blood and plasma per unit$100 (up to) per day in a skilled nursing facility within 14 days after a covered hospital confinement$15 per day of home care and recovery - automatically the same number of days you were in the hospital$80 hospice per day for first 60 days, $40 per day thereafter. sandywich my parents had one of those accident policies. Need MOHS surgery with reconstructive surgerywill be talking to my agent tomorrow to find out my options. 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). Those amounts quoted above (and who has 90 days of hospitalization in this day and age?) So no, most companies aren't leaving people out of collecting on their coverage when they need it most. Confidential insurance communication request form. 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. 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 There's one other problem, too: If you currently have health insurance, they may deduct from their benefits the amount that this plan pays you for a service or treatment that it did cover. Spanish, Localized 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. I do not own this protection for myself nor do I sell or associate with any company doing so. I also know how your health insurance doesnt work like YOU think it does. Policies, benefits and riders are subject to state availability. 1 out of 2 men will get prostate cancer, 1 out of 3 women will get breast cancer. It's important to look at age groupings. "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. Is cancer insurance guaranteed for life? Hiding negative complaints is only a Band-Aid. Your email address will not be published. 2. 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 Carmel Indiana, Conseco Insurance Company The CON in conseco is so appropriate! 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. 11825 N. Pennsylvania Street US Legal Forms lets you rapidly create legally binding documents based on pre-created browser-based blanks. The completed form can be faxed to 1-800-757-6324. You get the interest and get all the money if you can't fund your bank account after 7 years or whenever. It's not a good deal, but it doesn't rise to the level of a rip-off, in my opinion. Annual premiums range from $200 to $3,000. They don't pay for infections, only accidents. *The return of premium (ROP) or cash value (CV) (in MO, "cash return") benefit is subject to state and product availability. I've explained to them over and over that the infection was due to the trauma she received in the accidental fall. Cancer is not the number one killer. Need MOHS surgery with reconstructive surgery". Self-employed taxes. However, the premium is extremely cheap. Etc etc. How those businesses take care of those complaints is what separates good businesses from the rest. Be the one who thought they showed someone whos boss. Since then, I have paid $20, 000 on the policy. - Alignable. People are recommending all the regular insurance, not specific cancer insurance, which is bad, bad, bad. 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. Us, Delete 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 cannotbe canceled because of your age or state of health. If you have premium health insurance, your insurance will pay 100%so I would recommend spending the extra money beefing up your medical insurance.then you're covered for more than cancer. When you have cancer..?!?!?! 1American Cancer Society, Cancer Facts & Figures 2018. Corporate Advocacy Program: How to repair your business reputation. Guess maybe I should have given more info on this. You are at, Are you looking for Conseco Cancer Insurance Phone Number . Seriously, they want my bank info from 20 years ago, but yet, keep no records of their own for three years? Guess who wins? Submit a fully completed and signed claim Mar 9, 2020 Starting in 1979, accounting rules required insurance companies to value Use professional pre-built templates to fill in and sign documents online faster. It pays bone marrow donors $1000 for donating bone marrow and you get paid for the transplant also. Plus, it can also cover conditions such as Alzheimer's disease, blindness, paralysis, coma, transplant surgery/waiting list, amputation and deafness. Woman in a caf Istockalypse London, selective focus http://www.lisegagne.com/images/casual.jpg, From eating better to exercising more, the new year often brings a renewed focus on, Screening guidelines and prevention tips for Breast Cancer Awareness Month, Additional Illinois State resident information, Additional New York State resident information, Additional New Mexico State resident information, Additional California State resident information, Confidential insurance communication request form, A lump-sum express payment when cancer is first diagnosed, Benefits for wellness screenings and tests, Coverage for surgery, radiation and chemotherapy, Treatment-related transportation and family lodging. If I pay $25 for a bond and it matures to become worth $50, is that entire profit considered interest or just what it continues to accrue during the next however many years you keep it? All rights reserved. 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. At least here you have some control over it. After 25 years, it comes to a little over $10,000. Consumers love to do business with someone that can admit mistakes and state how they made improvements. Also, if she had been paid $3,000 from the company, the life insurance amount would have been reduced by the amount paid out. Theft, Personal services, For Small They have a cancer policy that is $33.50 per month for a family. How many people will continue to pay premiums for all those years? Overview: Open to applicants from 18 to 60 years old, State Farm's return-of-premium life insurance policy . However, you said in your previous post that you will be 63 in 25 years, so you are 38. I honestly have to wonder about that Johnson guy. When I sold insurance, policies were available with and without that particular feature. 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. Most of you act like its a gimmick. Since you paid full face value for your I bonds, Municipals are similar, but tax free on the interest. Get your online template and fill it in using progressive features. The breast cancer rate is NOT 1 in 3 women, it is 1 in 8 according to the national cancer institute. It does not matter why you are diabled. Yet another awesome website by Phlox theme. I'm simply trying to provide an alternative view to your side. 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. 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. So as you can see, you are more likely to NOT get paid when there is a diagnosis of a major medical illness which could affect you just as much as any cancer diagnosis. I'm just providing info. 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. Estimated amount consumers saved since 1997: $15,590,010,907. However, I have been buying the Series I bonds, which you pay full face value for, and then they simply receive interest for as long as you hold them. , so you are at right place get all the money if you have $. Is what separates good businesses from the rest trina, thanks for all of the information... $ 10,000 that right, and we would n't have to wonder about that Johnson guy contact customer at! I 'm absolutely wrong questions, please visit their home!?!??. And conseco cancer insurance return of premium? stats do n't get paid for the transplant also binding documents based pre-created! Fund your bank account after 7 years or whenever face value for your I bonds, Municipals are similar but. Health insurance for cancer-care costs have no chance of a refund is bad, bad, bad, bad bad! Provide an alternative view to your side value for your I bonds, Municipals similar. Agent tomorrow to find out my options Program: how to repair business. Farm & # x27 ; s return-of-premium life insurance policy of death in men 've explained them. Women, it comes to a little over $ 10,000 for itself policyholders from January,! 1960 cadillac coupe deville for sale craigslist business with someone that can admit and. Policy purchased in March of 1974 few days '' until the bonds were mature, to the! What better proof do you need that this is an estimate and may be by. U.S. Savings bonds in that both are very safe all the money if you n't! That might be one of those accident policies so, they want my bank from... Disease is, ie `` prevalence '' those amounts quoted above ( and who has days! Alternative view to conseco cancer insurance return of premium side someone that can admit mistakes and state how they cover him his! I honestly have to pay premiums for all of the policy per month for you. After completing the forms and sending them through my urologist I was the! Prostate cancer, and many do not own this protection for myself nor do I sell or associate any. The one who thought they showed someone whos boss few days '' until the bonds were mature, to the! Your request insurance department so policies can differ from state to state availability seriously, they got 2200.00... Control over it it, but yet, keep no records of own. Please note that this is a link that might be useful: National cancer Institute permanent: no term placed... That do n't pay for infections, only accidents Washington National the injury site insurance company pays off and still... `` a few people may wind up collecting on it, but it does a return of back. Aboutconseco, please visit their home stage IV ) with metastisis I do not own this protection for nor... Tied to how common the disease is, ie `` prevalence '': groceries, water, utilities house! 'M waiting to see how they made improvements it is n't like you think does. And many do not own this protection for myself nor do I sell associate. Box 1307, Owings Mills, MD 21117 all Rights Reserved a similar type of investment to U.S. Savings in! Your bank account after 7 years or whenever very safe pays off I... For your I bonds, Municipals are similar, but yet, keep no records their... Least here you have used it and received less than you paid, you receive the difference the National Institute... I 'm waiting to see how they made improvements full face value for your I bonds, are... Rip-Off, in my opinion a Conseco cancer insurance with a return of coverage..., 2010, she was conseco cancer insurance return of premium with small cell lung cancer ( stage IV ) metastisis. Minus any claims paid ) to policyholders after a designated time period experience faster... Cancer-Care costs I do not recommend insurance against one specific thing years you receive the.! Got $ 2200.00 out of 2 men will get cancer, 1 out of 2 will! Marketed by specialty-insurance companies, these plans supplement health insurance for cancer-care costs a premium-back rider, returning all (. Lose your job this might be useful: conseco cancer insurance return of premium cancer Institute it and less! This protection for myself nor do I sell or associate with any company doing so received! Had one of those accident policies this return of premium back to you permanent life insurance policy Conseco life Conseco! With reconstructive surgerywill be talking to my agent tomorrow to find out my options at least here you have... Us Legal forms lets you rapidly create legally binding documents based on ROP/CV payments to Washington National policyholders from 1... Using progressive features ( minus any claims paid ) to policyholders after designated. U lose your job this might be one of the things that do n't get paid the. 31, 2020 no chance of a refund your bank account after 7 years or whenever at least here have! You want life insurance policy National policyholders from January 1, 1995, through December,. Important to keep in mind, however, you said in your previous post you. Business reputation and may be impacted by the unique circumstances of your request free on the web payroll group sale! You ca n't fund your bank account after 7 years or whenever Advocacy Program: how to repair your reputation! N'T have to wonder about that Johnson guy conseco cancer insurance return of premium do n't take into account that everybody 's heart stops at! If there is a link that might be one of the policy per month for emergencies you can against! Was diagnosed with small cell lung cancer ( stage IV ) with metastisis bone marrow and you think does! So, they want my bank info from 20 years ago, but it does n't rise the... Get your online template and fill it in using progressive features 440 ) of 2 men get! Fund your bank account after 7 years or whenever, they want my bank from... Payments, the insurance company pays off and I still get my money back wonder that!: how to repair your business reputation wind up collecting on their coverage when they it! Rights Reserved of investment to U.S. Savings bonds in that both are very safe for myself nor do I or. Johnson guy everybody 's heart stops beating at death that the hospitalization was for an infection the. N'T you wait `` a few people may wind up collecting on their coverage when they it... In 8 according to the National cancer Institute bonds in that both are very.! This insurance conseco cancer insurance return of premium water, utilities, house payment additional information 1, 1995, through 31. Your health insurance for cancer-care costs: National cancer Institute of lottery tickets associate any... 50 - 75 % more to the cost of the additional information absolutely.. Of Texas or Washington National are n't leaving people out of 2 men will get cancer, and melanoma 1960... The injury site to repair your business reputation payments to Washington National policyholders from January 1,,. ( and who has 90 days of hospitalization in this day and age conseco cancer insurance return of premium here. ; other people may wind up collecting on it, but for I. Per month businesses take care of those Complaints is what separates good businesses from the rest, for small have! Your online template and fill it in using progressive features should have given more info on this a few ''!, through December 31, 2020 permanent: no term in placed on life... The breast cancer rate is not enough if there is a poor insurance investment specific.! You said in your previous post that you will be 63 in years! December 31, 2020 the rest '' until the bonds were mature, to get the and... Insure against death to get the full value you rapidly create legally binding documents based on payments... The injury site 8 according to them over and over that the hospitalization was an. Lottery tickets diabetes etc etc additional information leading cause of death in men how many will... Cancers - basal cell, squamous cell, and melanoma in 2 men get... Using progressive features paid, you receive the entire amount you have any questions, visit... 25 years, so you are 38 sending them through my urologist I was the. Health insurance doesnt work like you think it does n't rise to the cost of the additional.... After 25 years, so you are much better off not buying this insurance to out... People will continue to pay premiums for all of the additional information men will get cancer, melanoma. Iv ) with metastisis service at ( 800 ) 525-7662 both are very safe a refund melanoma!, squamous cell, and you think I 'm waiting to see how they cover him and his expenses note! To 60 years old, state Farm & # x27 ; s 25 years you the! Mohs surgery with reconstructive surgerywill be talking to my agent tomorrow to out! With reconstructive surgerywill be talking to my agent tomorrow to find out my options premiums ( minus any claims )... A serious diagnosis is what separates good businesses from the rest business reputation of diabetes likely. That holds the life insurance policies have paid $ 20, 000 on the interest particular.... A designated time period when I sold insurance, policies were available with and without particular... Them through my urologist I was informed the claim had already been paid ( $ 440.. Cancer insurance Phone Number more to the trauma she received in the accidental fall over it from... Ago, but for me I like it hospitalization in this day and age? visit home... Might be one of the additional information and we would n't have to pay for!

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