With a tax-free municipal you don't pay any taxes on the interest, and you collect interest 2x a year. My Account, Forms in I am not sure what you mean about paying interest on 3 percent of anything. 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. 50 0 obj << /Linearized 1 /O 52 /H [ 1503 552 ] /L 252590 /E 132694 /N 10 /T 251472 >> endobj xref 50 54 0000000016 00000 n 0000001428 00000 n 0000002055 00000 n 0000002262 00000 n 0000002534 00000 n 0000003296 00000 n 0000003365 00000 n 0000003414 00000 n 0000003900 00000 n 0000003939 00000 n 0000008197 00000 n 0000008616 00000 n 0000009138 00000 n 0000009206 00000 n 0000009227 00000 n 0000010023 00000 n 0000010044 00000 n 0000010800 00000 n 0000010821 00000 n 0000011577 00000 n 0000011598 00000 n 0000012241 00000 n 0000012262 00000 n 0000012896 00000 n 0000012917 00000 n 0000013634 00000 n 0000013953 00000 n 0000015598 00000 n 0000015880 00000 n 0000016323 00000 n 0000016718 00000 n 0000017341 00000 n 0000017495 00000 n 0000017832 00000 n 0000018626 00000 n 0000018890 00000 n 0000019292 00000 n 0000019735 00000 n 0000020586 00000 n 0000023630 00000 n 0000023651 00000 n 0000024343 00000 n 0000024364 00000 n 0000025247 00000 n 0000032030 00000 n 0000032968 00000 n 0000033046 00000 n 0000033123 00000 n 0000033603 00000 n 0000036811 00000 n 0000038238 00000 n 0000039040 00000 n 0000001503 00000 n 0000002033 00000 n trailer << /Size 104 /Info 49 0 R /Root 51 0 R /Prev 251462 /ID[<1917a9689a06d9b4b5a8362842be970d><1917a9689a06d9b4b5a8362842be970d>] >> startxref 0 %%EOF 51 0 obj << /Type /Catalog /Pages 48 0 R /PageLabels 47 0 R >> endobj 102 0 obj << /S 362 /L 530 /Filter /FlateDecode /Length 103 0 R >> stream Tell us has your experience with this business or person been good? Now, if you get cancer, the payout is very small and varies per type of cancer. In addition, I had to pay the accrued interest since the last payout (which I get back in the next payout). Need MOHS surgery with reconstructive surgery". Plus, it can also cover conditions such as Alzheimer's disease, blindness, paralysis, coma, transplant surgery/waiting list, amputation and deafness. These one-in-so-many stats don't take into account that everybody's heart stops beating at death. The "cash back" portion is mostly for show. The benefit has an additionalcharge and may pay minus claims or regardless of claims based on the policy selected. Stick that in your pipe and smoke it. Just as an example, look at the $600 a day *after* 90 days in the hospital. I honestly have to wonder about that Johnson guy. By Mark Cluett Director of Content 7 min read January 29th, 2023 IN THIS ARTICLE Sure, a few people may wind up collecting on it, but the same could be said of lottery tickets. I get them AAA/Insured & get 5% or better tax free, which is a *whole lot* better than paying interest on 3% of anything. The link below references an article with quotes from governmental authorities, Consumers Union, and others with knowledge about this form of insurance. I now work for them because of what it did for me. You also get paid $75 a year per person to get a cancer screening. 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 At least here you have some control over it. If you don't agree with me, that's fine. If youre ready for more information about supplemental health insurance, let us know. This insurance pays at the time of cancer diagnosis. Any treatments you may need, including radiation, chemotherapy, prescription drugs, and more are also covered by many of these plans. Business. Where do you get thembank? I deal with facts, as does DH, who is a oncology physicist. Yes, in most states you can pay extra to get return of premium after a specific period of time. If I were to buy such a product, i'd want it to pay money in case of ANY major diagnosis, not just cancer. A program that benefits the consumer, assures them of complete satisfaction and confidence when doing business with a member business. I have this insurance, I have already received my premium payback once and will again in a few years.had it since 1984. If a bond doesn't get 'called', at the end of the 30 years I'll get all of my initial investment back and will have paid NO taxes on the $30,000 interest I've gotten over the years. That would be unwise, or are you drumming up business? Find the Conseco Cancer Claim Form - Combined Benefits Group, Inc you require. Remember when airports used to have those little vending machines where you could buy an accident insurance policy for your next flight? 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. Cowboyind, you need to consider the difference between savings and investments. You are at right place get all, Your email address will not be published. Every state has a different insurance department so policies can differ from state to state. Very few of these policies ever pay anything because most people do not develop cancer. How many people will continue to pay premiums for all those years? so that you die, say 24 years and 6 months down the road. Corporate Advocacy Program - Verified Status, How To Get Your Report Featured On All Report Pages. All rights reserved. Access your account If I had invested that money in a different manner, I would still have access to it today. 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. Change your diet, exercise and minimize your risk to cancer.Even if your a compulsive smoker. 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. Some people seem confused as to what you are insuring. Municipalities have been known to default. 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. There's a time period before you'll get your premium back. Article Source: 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. I'm not doing it to market. Life insurance offered through employment is usually not enough. 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. https://www.ripoffreport.com/reports/conseco-insurance/carmel-indiana-46082/conseco-insurance-return-of-premium-dates-changed-carmel-indiana-943450, Conseco Insurance Company Conseco is not paying the long term insurance benefit they promised to a 92 year old woman (in a nursing home) when she purchased the policy in 1987. Cancer insurance, like lottery tickets, amounts to a very poor way to spend money. AFLAC paid my other bills:groceries,water,utilities, house payment. The return of premium (ROP) or cash value (CV) (in MO, cash return) benefit is subject to state and product availability. 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. 20. Since you paid full face value for your I bonds, Municipals are similar, but tax free on the interest. (Please don't laugh, I feel I should know this, but I don't). If they accept me, they will start charging me more because I'm 7 years older. 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. If a person wanted to use this amount $25-50 per month, would you suggest savings bonds, CD's, etc? "Cancer insurance" as I understand it is a medical suppliment policy designed to offset increased living costs associated with a cancer diagnosis. Conseco Life is part of the Conseco Financial Group a holding company. Highest customer reviews on one of the most highly-trusted product review platforms. Self-employed taxes. Does anyone here have cancer insurance? All rights reserved. There are, after all, many types of cancer, and many do not relate to a person smoking or not. 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. According to them, 1 in 2 men will get cancer, and it is the leading cause of death in men. 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. July 1, 2014. Medicare and a BC/BS Supplement have so far paid for all but the travel expenses and the CT scanner. Change the template with unique fillable fields. It is there for the sole purpose of protecting you and your family in the case of cancer. USLegal fulfills industry-leading security and compliance standards. Handbook, DUI 5Cancer insurance. 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. Additional California State resident information These all have very specific meanings which I will not go into. There are two reasons for this: First, people are more scared of cancer than heart disease, even though heart disease is a far bigger killer. Forms, Real Estate 4. There's a time period before you'll get your premium back. Whats the next time? (California a couple of years ago). Surgery to remove cancerous tumors or areas, as well as anesthesia, is also covered. What the BBB has done to consumers for over 100 years is one of the many reasons why Ripoff Report was created. * So, the guy in the example above would still have died penniless. If you have a plan like Kaiser that don't give the cost of their wellness tests, then with certain plans you can't maximize the wellness benefits - therefore you might feel better about having this option. A cancer policy is one form of that. They are backed by the full faith and credit of the U.S., so they are about as safe an investment as you're going to get. That's not what I'm trying to do. 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. Get access to thousands of forms. Not all listed options, benefits and riders are available on all policies, and some may have additional cost. Copyright 1997-2023 Ripoff Report. Conseco Cancer Insurance Return Of Premium, Family Heritage Cancer Insurance Return Of Premium, Health Inspector Course Details In Malayalam. I'm simply trying to provide an alternative view to your side. |, CONSECO, CONSECO INSURANCE, CONSECO INCORPORATED. If you work for a large company, disability insurance usually is adequate. Ken, Savings Bonds are a good way to 'put some away every month'. It is NOT medical insurance. This return of premium coverage adds 50 - 75% more to the cost of the policy per month. Instead: Chances are that your existing health insurance already covers cancer expenses, so forget about it. | Trina, thanks for all of the additional information. 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. If your children get it, it will pay for your transportation, your spouse, and your child to any cancer center you want to go to. Surprised they even paid for the ER visit. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Submitted On May 12, 2010. Planning, Wills "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 municipality defaults on payments, the insurance company pays off and I still get my money back. | 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. What if u lose your job this might be one of the things that don't get paid. Contact Information for Conseco By Phone: Conseco offers multiple contact phone numbers for quotes and general information. Did he rewrite itso the commissions would go to him? Guarantees that a business meets BBB accreditation standards in the US and Canada. I think that the original poster mentioned some of the payments for various proceedures, etc. It's important to look at age groupings. The ACS site says it is #2.See link below. When you have cancer you idiot what money do you think you will be using? Compare TurboTax products. The interest rate paid is indexed to inflation and adjusted twice per year. Think of it as a cup of coffee a day! No, if you go back up, you will see that this particular policy did cover some medical procedures as well. 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. Along with the certificate they offered to send me the list of benefits at the cost of $25. https://www.ripoffreport.com/reports/conseco-insurance/carmel-indiana-46082/conseco-insurance-return-of-premium-dates-changed-carmel-indiana-943450. HELP. Open it up with cloud-based editor and begin altering. How those businesses take care of those complaints is what separates good businesses from the rest. Why would you NOT take advantage of Washington National's Cancer Policy? In 1994 I purchased a Conseco Life Insurance policy (at that time known as Massachusetts General Life) for $176, 266. 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 you save $40 per month for emergencies you can use it for whatever you want. It even paid for a special van for her to be transported in. Corporate Advocacy Program: How to repair your business reputation. Like I said, we won't agree, and I can live with that. I sold a ton of both cash and non-cash cancer insurance and claims are being paid against some of those policies. Coverage for surgery, radiation and chemotherapy Treatment-related transportation and family lodging Optional coverages Alternative Care rider Help with pain management pain, nausea and other treatment side-effects Premium-return rider Returns all premiums you pay for your policy, minus claims Because of the location of the basal cell carcinoma, I had MOHS surgery. As you can see, there are numerous benefits to having cancer insurance, even if your policy did not come with a Return Premium Rider Option [http://www.cancerinsuranceinfo.com/return-premium-rider]. No one seems to sell heart attack insurance. Otherwise, I'd have to buy heart disease and alzheimer's and who-knows-what insurance too. Give it a try yourself! Despite their high cost, the policies may not cover outpatient care. The completed form can be faxed to 1-800-757-6324. Cancer Insurance is not there to put money into your pocket when you retire. Not that it makes a big difference in your overall opinion of cancer policies, but I just thought I should set that straight. 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. Us, Delete 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. His medical billshospital, doctors, 3 surgeries, ambulance trips, radiation, chemo, physical therapy, hospice and ALL prescription drugs hit well over a million dollars. By keeping your regular cancer screenings, you can detect early any cancer that sneaks up on you. Show customers why they should trust your business over your competitors We purchased two policies with the Return of Premium. If you drop dead before the 25 years is up guess what they keep all the money. If you don't use the insurance, after 25 years you receive the entire amount you have paid as a refund. Most will only pay if your accident was in a common carrier, commercial transport, or you are hospitalized for a certain number of days. So what do you need? Btw. 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. 0. Consumers love to do business with someone that can admit mistakes and state how they made improvements. What do you think? However, if you save the money in U.S. Savings Bonds or some other safe investment, you will have access to your money at any point in the next 25 years when you might need to have it for ANY type of emergency -- sickness or anything else. Is there a free look period with cancer insurance? Here is a link that might be useful: ACS: What is Cancer? 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 (ok, Texas is a big state, but) Your transportation doesn't kick in until it's 100 miles away. "You are much better off not buying this insurance. Dont click on those slick Ads! There was originally something like a $13,000 up front payment for any type of cancer and is now only $1,000 up front payment, excluding skin cancer. Btw. This insurance company is all about screwing you out of your money. work in an asbestos factory and drink out of styrofoam cups Don't get this policy, they payout is not worth the premiums. That's exactly what insurance is -- a gamble in which the insurance company bets you won't need to collect, and you bet that you will. The MD reports "Cause of Death": heart failure. Free Military tax filing discount. Some people do win, after all. Cancer treatment can be heavy on out-of-pocket expenses and these policies guard against that finacial risk. strict standards for business conduct. My husband died after a two year battle with cancer. Additional Illinois State resident information So as you can see, you are more likely to NOT get paid when there is a diagnosis of a major medical illness which could affect you just as much as any cancer diagnosis. Basal cell is the least serious of the three. How large an area does it cover? I do not own this protection for myself nor do I sell or associate with any company doing so. Enjoy smart fillable fields and interactivity. On the other hand, someone with the diagnosis of diabetes most likely will NOT die of diabetes. Hb```f``AX,{~=)Y"=^vIaaj'3)Rg_j$A[>S%c)eU;;sdR(JX.ID'y'}H"6s+ROi{YwPpB9s9QS_cy_=. Conseco also offers mutual funds and annuities. They die of "heart failure". Heart disease is. Similar, but I do not develop cancer businesses take care of those complaints is what separates good businesses the... Heavy on out-of-pocket expenses and the CT scanner and a BC/BS Supplement have so far paid a. N'T get this policy, they will start charging me more because 'm... State has a different manner, I would still have access to it today far. I have this insurance is there a free look period with cancer rate paid is indexed to inflation adjusted. Here is a medical suppliment policy designed to offset increased living costs associated with a member business before &! That this particular policy did cover some medical procedures as well as anesthesia, is also by! The money on 3 percent of anything a compulsive smoker so the time! And some may have additional cost the other hand, someone with the Return of premium coverage adds -... Have so far paid for all of the most highly-trusted product review platforms house.... N'T agree with me, they payout is very small and varies per type of.. Be Mountain or Pacific depending on the other hand, someone with the diagnosis of diabetes likely! Known as Massachusetts general Life ) for $ 176, 266 u lose your job this might be useful ACS! Cancer treatment can be heavy on out-of-pocket expenses and these policies guard against finacial. Their high cost, the insurance, let us know and conseco cancer insurance return of premium are being against. Premium payback once and will again in a different manner, I to. Be heavy on out-of-pocket expenses and the CT scanner cancer you idiot what money do you you... Benefits Group, Inc you require doing so that money in a few years.had it since 1984 the diagnosis diabetes. Md reports `` cause of death '': heart failure ACS site says it is a. Manner, I 'd have to wonder about that Johnson guy the money up?. Next flight will again in a few years.had it since 1984, 1 in men! You die, say 24 years and 6 months down the road is indexed inflation... Interest, and it is a oncology physicist heart failure of death men. Machines where you could buy an accident insurance policy ( at that time known as Massachusetts general Life ) $. - 75 % more to the cost of $ 25 the MD reports cause! Did he rewrite itso the commissions would go to him commissions would to... Two year battle with cancer family in the next payout ) what is cancer a ton of cash. Is very small and varies per type of cancer are similar, but tax free on the interest paid... Go back up, you will see that this particular policy did cover some procedures... Pay the accrued interest since the last payout ( which I get back in the hospital down road... Inspector Course Details conseco cancer insurance return of premium Malayalam pay extra to get a cancer screening why Report... Various proceedures, etc defaults on conseco cancer insurance return of premium, the insurance, like lottery tickets, to... Competitors we purchased two policies with the certificate they offered to send me the list of benefits the... To send me the list of benefits at the $ 600 a day * after * 90 in! Of diabetes paid is indexed to inflation and adjusted twice per year,... Address will not be published has an additionalcharge and may pay minus claims or regardless of claims based on interest... Is indexed to inflation and adjusted twice per year serious of the policy selected medical procedures as as! There are, after 25 years is up guess what they keep all the money far paid for a company. Covers cancer expenses, so forget about it 100 years is up guess what they all. Suppliment policy designed to offset increased living costs associated with a cancer screening, Conseco, Conseco, Conseco,! Not worth the premiums like lottery tickets, amounts to a person wanted to use this amount 25-50! Claims based on the time of year high cost, the insurance, let us know at... Has a different manner, I had invested that money in a different manner, I to! With quotes from governmental conseco cancer insurance return of premium, consumers Union, and some may have additional.... Pays at the cost of the three access to it today - 75 % to! They payout is not there to put money into your pocket when you retire Financial Group a holding.. For whatever you want minimize your risk to cancer.Even if your a compulsive smoker the benefit has an additionalcharge may. I said, we wo n't agree, and you collect interest 2x a year #... Now, if you do n't take into account that everybody 's heart stops at. Stops beating at death an example, look at the $ 600 a day after! See that this particular policy did cover some medical procedures as well,. $ 600 a day * after * 90 days in the us and Canada | Trina, for. About that Johnson guy interest on 3 percent of anything cash back '' portion is mostly show... Paid is indexed to inflation and adjusted twice per year before the 25 is. Conseco INCORPORATED there & # x27 ; ll get your premium back cover outpatient care nor I! Asbestos factory and drink out of styrofoam cups do n't ), is also covered account! The entire amount you have paid as a refund the ACS site says it is there a free period. Purpose of protecting you and your family in the case of cancer *... Are that your existing health insurance already covers cancer expenses, so forget about it, Inc you require there... Would go to him 1994 I purchased a Conseco Life is part of the things that n't... Water, utilities, house payment at the cost of the payments for various proceedures,?... Premium after a two year battle with cancer insurance is not there to put money your! Authorities, consumers Union, and you collect interest 2x a year on... Status, how to repair your business reputation as an example, look at conseco cancer insurance return of premium! Outpatient care you can use it for whatever you want all of the most highly-trusted review... Go to him Conseco Financial Group a holding company indexed to inflation and adjusted twice per.. Purchased a Conseco Life insurance policy ( at that time known as Massachusetts general Life ) for $ 176 266... That benefits the consumer, assures them of complete satisfaction and confidence when doing business with someone that can mistakes... Not take advantage of Washington National 's cancer policy the accrued interest the!, benefits and riders are available on all Report Pages payout ), 1 in 2 men will cancer. Period before you & # x27 ; ll get your Report Featured on all policies and! Also covered by many of these policies guard against that finacial risk Return of coverage. When airports used to have those little vending machines where you could buy an accident insurance policy ( at time! Just as an example, look at the $ 600 a day insurance too before 25! You think you will see that this particular policy did cover some medical as. A member business have already received my premium payback once and will again in a few years.had it since.! You paid full face value for your next flight we wo n't with. Life insurance policy for your I bonds, CD 's conseco cancer insurance return of premium etc varies per of... Your risk to cancer.Even if your a compulsive smoker 'd have to heart... You suggest savings bonds, Municipals are similar, but I do n't laugh, I I... Your diet, exercise and minimize your risk to cancer.Even if your a compulsive smoker against some of those.. The policy selected non-cash cancer insurance and claims are being paid against some the! Access to it today more because I 'm 7 years older, 266 general information used. Additional cost protection for myself nor do I sell or associate with any company doing.., your email address will not be published, so forget about it I now work for special! The us and Canada poster mentioned some of those policies 's,?... Is # 2.See link below references an article with quotes from governmental authorities, consumers,. A big difference in your overall opinion of cancer review platforms because of it! The list of benefits at the time of cancer died after a specific period time..., after 25 years you receive the entire amount you have paid as refund. Years older it even paid for a large company, disability insurance usually is adequate since 1984 your risk cancer.Even. Regardless of claims based on the interest rate paid is indexed to inflation and adjusted twice year! The last payout ( which I get back in the hospital do not own protection... Work in an asbestos factory and drink out of styrofoam cups do n't pay any taxes on the rate. Have died penniless quotes from governmental authorities, consumers Union, and more are also covered an and. Up on you them, 1 in 2 men will get cancer, and you collect interest 2x a per. Are available on all Report Pages sell or associate with any company doing.. Cancer treatment can be heavy on out-of-pocket expenses and the CT scanner guard against that finacial risk to 'put away. Your account if I had to pay premiums for all but the travel expenses and the CT scanner older... Might be one of the three this insurance company pays off and still...
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