Second, there is too much chance that the insured actually WILL have a heart attack during the period covered by the insurance, so the companies selling these bad single peril policies do not want to touch it. Here its Sept of 2012 and not hearing from them, made some phone calls. They cover many of the costs that can be incurred during treatment of cancer, helping to increase your chances of survival, as well as sparing your bank account from the thousands of "out of pocket expenses" that will occur, like co-pays, medications, deductibles, time off of work, etc. These one-in-so-many stats don't take into account that everybody's heart stops beating at death. Different treatments are used as triggers for increasing the payout. My Account, Forms in 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. Cancer Insurance is not there to put money into your pocket when you retire. This insurance company is all about screwing you out of your money. Since then, I have paid $20, 000 on the policy. If you're using the wellness benefits and getting your money back on an annual basis then there's no real out of pocket expense by having the plan - therefore no return premium would be coming back to you if you had this option. If the municipality defaults on payments, the insurance company pays off and I still get my money back. And then there were lab fees, radiologists to interpret the X-rays, consulting physicians that came to visit, and much, much more. 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! 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. Because of the location of the basal cell carcinoma, I had MOHS surgery. Despite their high cost, the policies may not cover outpatient care. It is a family policy and my wife and I have had now three instances of cancer. His medical billshospital, doctors, 3 surgeries, ambulance trips, radiation, chemo, physical therapy, hospice and ALL prescription drugs hit well over a million dollars. 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. However, most small companies do not offer DI. I do not own this protection for myself nor do I sell or associate with any company doing so. Two (forehead and side of my nose) were squamous cell, and one, near the tear duct on the inner corner of my right eye, was basal cell. Incorporated in 1979 and starting operations in 1982, Conseco Health Insurance Company went public in 1985 and today services more than 4 million customers with supplemental health insurance, life insurance, and annuities. Their goal is to offer financial security [] Types of life insurance offered by Conseco companies include: Term: Providing life insurance coverage for a set length of time typically from 5 to 50 years. All business will get complaints. In case of cancer insurance, it is a cancer diagnosis. Is cancer insurance guaranteed for life? Find the Conseco Cancer Claim Form - Combined Benefits Group, Inc you require. AFLAC's policy will pay you $5000 when initialy diagnosed and it builds at $500 a year so if you were not diagnosed for 10 years you would get paid $10,000. Conseco Insurance Return Of Premium Dates Changed? Having the coverage just in case you need it, with the option to get your money back if you don't ever use it, offers you an added benefit of security in knowing that you are covered if the unthinkable happens. 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. Premiums paid for a health or accident insurance plan through a cafeteria plan are not included as taxable income to you. You didnt in any way. 1 in 8 women are diagnosed with breast cancer in there lifetime. When someone says one in eight women dies of breast cancer, ask IN WHAT AGE GROUPING? 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. I think you are pretty much on the right track, just pay attention to the fine but important details. Although supplemental cancer policies have plenty to offer, there are some people that are still hesitant to purchase these policies. I think you're absolutely wrong, and you think I'm absolutely wrong. 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! While here he had the paperwork, showing that in 2012, he would be back, with the Return of Premium, on our other Policy. All rights reserved. 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. This has been going on for over a year now. For costs and complete details of coverage, contact an agent. Your email address will not be published. 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. PS - I can also add Intensive Care insurance to that policy for an extra $9 per month - don't know if that is refunded or not. way of the shaman book 7 spoilers Dec 9 conseco cancer insurance return of . You may find the up front amount is the only amount that you receive. Help with pain management pain, nausea and other treatment side-effects, Premium-return rider 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. Trina: Yes, the amount you pay for the bond is the starting point, and what you cash it in for is the ending point, and the difference between the two is what you pay taxes on, because that is your interest income. With a tax-free municipal you don't pay any taxes on the interest, and you collect interest 2x a year. Find the Conseco Cancer Claim Form - Combined Benefits Group, Inc you require. 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. No, if you go back up, you will see that this particular policy did cover some medical procedures as well. I'm simply trying to provide an alternative view to your side. Change your diet, exercise and minimize your risk to cancer.Even if your a compulsive smoker. The benefit has an additionalcharge and may pay minus claims or regardless of claims based on the policy selected. (California a couple of years ago). You are many, many times more likely to be killed on your car ride to the airport than on the airplane flight, but people do not assign their worry very accurately. Are you looking for Family Heritage Cancer Insurance Return Of Premium . ET. Put this money in a bank or invest it. The price at the time was 99.00, so I had to put up $19,800 for the cost. These funds were especially helpful because she had to take sick leave from work without pay. Right now they pay better rates than CDs. Everyone's got one or two, and most of them stink. 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. After a certain amount of time, if not used, no harm no fowl - All of our money is given back. They die of "heart failure". 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)! I hate to be rude but I have heard some pretty dumb stuff. It is not "medical insurance" designed to pay the doctor. That's not what I'm trying to do. They are not your friend they will not work with you, but very much want to take your money. Marketed by specialty-insurance companies, these plans supplement health insurance for cancer-care costs. Take care, best wishes, and God bless. I just hope you don't ever have to wish that you had the coverage. Cancer will occur in 1 out of 3 Americans and affects 3 out of 4 families. I deal with facts, as does DH, who is a oncology physicist. You are at, Are you looking for Conseco Cancer Insurance Phone Number . Additional Illinois State resident information Compare TurboTax products. 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 Cancer can happen to anyone, so having a policy that can pay you back the cost of your premiums with either the return premium rider or in wellness benefits, and you are fortunate enough NOT to get cancer helps make budgeting for cancer insurance premiums more appealing to many. Over the past four years, CNO has had a total shareholder return of more than 115% - which makes it incredibly strong financially. If you are at risk for cancer, it is a good idea! 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. We had to cash out his other retirement a few years ago when his employer closed. Additional California State resident information Premier investment & rental property taxes. AFLAC paid my other bills:groceries,water,utilities, house payment. Consumers educating consumers., Complaints Reviews Scams Lawsuits Frauds Reported.. Follow the simple instructions below: Choosing a legal expert, creating an appointment and coming to the business office for a personal conference makes finishing a Conseco Cancer Claim Form - Combined Benefits Group, Inc from start to finish exhausting. work in an asbestos factory and drink out of styrofoam cups Don't get this policy, they payout is not worth the premiums. They did pay for the ER visit, but refused the hospital stay which was supposed to pay her $500 per day. 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. It's important to look at age groupings. services, For Small We got a policy for ourselves as well! Does anyone here have cancer insurance? So, they got $2200.00 out of me and I have no chance of a refund. When you have cancer..?!?!?! It isn't like you can insure against death. 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. Do cancer insurance premiums increase with age? 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. However, having the option to get your money back if you don't use the insurance after a specified amount of time, makes it even more appealing. ", but "does this product fit into our total financial picture for our family?". It is important to keep in mind, however, that cancer insurance essentially pays for itself! *The return of premium (ROP) or cash value (CV) (in MO, "cash return") benefit is subject to state and product availability. 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. This is where a supplemental cancer policy can help to offset some of the cost difference. Be the one who thought they showed someone whos boss. If you have stroke/heart disease/diabetes, it does not pay. Put the day/time and place your electronic signature. How many people will continue to pay premiums for all those years? The accrued interest was $50.00, and then there was a $5.00 service charge Total cost: $19,855.00. What are the chances you're going to go to a hospital more than 100 miles from your home? work in an asbestos factory and drink out of styrofoam cups Don't get this policy, they payout is not worth the premiums. 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. Insurance should cover catastrophic losses that you'd be hard-pressed to cover on your own. If you have used it and received less than you paid, you receive the difference. Also, I do already have regular health insurance, but this pays directly to the patient or family. As we age, you are more likely to die of cardivascular disease. Narrow policies make sense. 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; US Legal Forms lets you rapidly create legally binding documents based on pre-created browser-based blanks. Conseco settles life insurance class action M Mike. I remember reading that if you spend them on college the year you cash them, there are some exceptions on the interest. I think that the original poster mentioned some of the payments for various proceedures, etc. Someone at that company has been recieving commission checks for selling us this insurance over 23 years ago. I am not closed-minded just practical. The premium-return amount is based on ROP/CV payments to Washington National policyholders from January 1, 1995, through December 31, 2020. Has your experience with this business or person been good? Is this a good idea? It is just another cost to factor into the price of the policy and is probably not better or worse then a regular passbook savings account considering the amount of money involved. Since you paid full face value for your I bonds, Municipals are similar, but tax free on the interest. "You are much better off not buying this insurance. or regardless of claims based on the policy selected. As I stated in an earlier post, we all have opinions, and they're kinda like armpits. 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. Who is ED Magedson - Founder, Ripoff Report. 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. 20. Typically yes, however some insurance companies offer term levels such as 10, 15, 20, or 30 years, where the policy is only good for that amount of time. I am currently receiving radiation therapy that costs $3385 per session. My husband died after a two year battle with cancer. The completed form can be faxed to 1-800-757-6324. This is the best way to manage and repair your business reputation. Copyright 1997-2023 Ripoff Report. Along with the certificate they offered to send me the list of benefits at the cost of $25. USLegal has been awarded the TopTenREVIEWS Gold Award 9 years in a row as the most comprehensive and helpful online legal forms services on the market today. I don't know, for me, it is a psychological advantage because it makes me not want to spend the money. Rapid City South Dakota, Conseco Insurance screwing their customers taking steps to assure profitability of medical business rip-off to consumers, Paradise Property Management Ventura Illegal eviction my account being hacked, PPM will not investigate how it happened Ventura California, Kei Kullberg Quintessential Mortgage Group bait and switch you into promising you a low-rate Mortgage Scammer White Plains New York, TAHINI GODDESS Sally schimko Sexyveggies Tahini Goddess inulin Goddess Prebiotic white labeling of non-licensed food supplement. It pays you $300 for the first 30 days of hospitalization and then $600 a day after that. 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. (LONG), Scan home remodel receipts to flash drive or keep originals for IRS. are also contributors. Tell us has your experience with this business or person been good? Folks, everybody dies. It does however have a place for some people. 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?" You need both if you have a family. Cancer Insurance With A Return Of Premium Back To You! There's a time period before you'll get your premium back. I now work for them because of what it did for me. What better proof do you need that this is a poor insurance investment? Now I understand the term "billable hours". Additionally, most plans cover things like hospital stays as well as private nursing and ground and air transportation costs, if needed, are also covered. But, if a person was in that situation, the insurance would be so expensive that he or she probably couldn't even afford it anyhow. 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. It cannotbe canceled because of your age or state of health. Life insurance offered through employment is usually not enough. The insured is covered as along a Go check it out and make sense out of the numbers. I've explained to them over and over that the infection was due to the trauma she received in the accidental fall. If your medical insurance through work is not very good, I would look into getting a supplemental insurance first. Does anyone here have cancer insurance? Statiscally, you are more likely to die of something other than cancer. Highest customer reviews on one of the most highly-trusted product review platforms. Cancer is not the number one killer. This is a 'cancer only' policy, right? 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