The price at the time was 99.00, so I had to put up $19,800 for the cost. Given its strong capital position, CNO Financial can withstand both up and down markets. This is a 'cancer only' policy, right? In addition I travel 68 miles round trip for each treatment. 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. The MD reports "Cause of Death": heart failure. These funds were especially helpful because she had to take sick leave from work without pay. 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 hate to be rude but I have heard some pretty dumb stuff. Right now they pay better rates than CDs. For most policies it's 25 years. One thing that many older adults never think of is that many of these plans only pay you for days you do not work. But, even considering your limited definition of the term, that's why I advised in my first post on this topic to put the money in U.S. Savings Bonds -- and then the person would have $24,000 at the end of 25 years instead of $10,000. 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 The "cash back" portion is mostly for show. Additional Illinois State resident information Here is a link that might be useful: U.S. Savings Bonds Website. (800) 525-7662 Whats the next time? 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. Statiscally, you are more likely to die of something other than cancer. Ok, another stupid question: Is everything you earn on a savings bond considered interest? I have a Conseco Cancer policy purchased in March of 1974. Suppose you get run over by a truck, die of a heart attack, get bitten badly by a neighbour's dog, get hit by a tree during a tornado, etc., etc. In children ages 1 to 14, cancer is the second leading cause of death. The completed form can be faxed to 1-800-757-6324. 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. And, what other health problems contributed? Access the most extensive library of templates available. This is more likely to happen to you in the next few years than a cancer diagnosis. https://www.ripoffreport.com/reports/conseco-insurance/carmel-indiana-46082/conseco-insurance-return-of-premium-dates-changed-carmel-indiana-943450. 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. Your major medical policy is to take care of the doctor bills. Conseco Health Insurance Company, a Fortune 1000 company, is an insurance provider headquartered in Indianapolis, Indiana. 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. The ACS site says it is #2.See link below. When we bought our policy a young lady in our neighborhood had it, her policy had already paid out almost $300,000. How long do you have to hold them til maturity? Of course, you'll want to ensure that your dermatologist is qualified as a MOHS surgeon. For example: 15,000 life ins -3,000 cancer ins paid to insured= 12,000 life ins payout to beneficiary.Not everyones going to have the same situation (otherwise they would go bankrupt), but I do know that this is what she benefited from her policy and her kids did as well. This report was posted on Ripoff Report on 09/19/2012 09:31 AM and is a permanent record located here: Some people do win, after all. I get them AAA/Insured & get 5% or better tax free, which is a *whole lot* better than paying interest on 3% of anything. It cannotbe canceled because of your age or state of health. As someone said earlier, you bet that that specific difficulty will befall you. If you are retired most will not be working so it is immediately of no benefit. 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. Now I have the cancer back. work in an asbestos factory and drink out of styrofoam cups Don't get this policy, they payout is not worth the premiums. You are at, Are you looking for Conseco Cancer Insurance Phone Number . The accrued interest was $50.00, and then there was a $5.00 service charge Total cost: $19,855.00. Cancer insurance is like flight trip insurance. We are contributing 6% of my DH's salary to retirement. Put the day/time and place your electronic signature. Who's crazy enough to start this website? Policies, benefits and riders are subject to state availability. 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. There's a time period before you'll get your premium back. Cancer Insurance With A Return Of Premium Back To You! Yet another awesome website by Phlox theme. How large an area does it cover? No, I have not considered them; just don't know about them. The money you invested you Dave Ramsey morons. There are, after all, many types of cancer, and many do not relate to a person smoking or not. You may be eligible for a cancer insurance policy. The policys benefits helped her pay for an annual mammogram beginning at age 35. After 17 years I file a claim, They give me grief!! Free Edition tax filing. It pays directly to you, $1000 upon a cancer diagnosis, $25 per chemo or radiation treatment, $40 per night for a family to stay in a motel if you are hospitalized, also pays so much for surgery, anesthesia, nursing, hospice, etc. Join us right now and gain access to the #1 library of online templates. 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. Dont click on those slick Ads! Actually when you think about insurance, isn't it all sort of a gamble? I was able to get funding of $100 toward travel expenses from the American Cancer Society. Ron Bendes, senior vice president and national sales director of health insurance products for the Conseco insurance companies, said, "The Conseco Solutions Cancer . Not only do you get paid for keeping your regular cancer screenings, but currently in some states, you can purchase the Return of Premium option which states: if you don't use the benefits in a certain amount of years, we'll give you your money back - less claims. Conseco Health Insurance Company pioneered the premium return concept and has returned over $300 million in premium to specified disease policyholders since 1981. How many people will continue to pay premiums for all those years? Need MOHS surgery with reconstructive surgery". You can buy all the Munis you can afford. Change the template with unique fillable fields. After 25 years, it comes to a little over $10,000. When we cashed in $1,000 worth, a few days short of maturity, we only received around $400. Us, Delete Are you looking for Family Heritage Cancer Insurance Return Of Premium . 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. Why didn't you wait "a few days" until the bonds were mature, to get the full value? Along with the certificate they offered to send me the list of benefits at the cost of $25. Fill out our simple form and well have an agent contact you to discuss your insurance needs. way of the shaman book 7 spoilers Dec 9 conseco cancer insurance return of . Im insurance poor, I have good health insurance, my wife is a nurse, we dont have cancer in the family, Ill kill myself if I have cancer. The government's bond website below has more info. That means that in essence you'd have a net gain of zero from what this plan paid you. It is a great plan, that actually pays you for keeping your regularly scheduled appointments for cancer screenings, but some just feel that they do not really need the added expense to their already-overstretched monthly budgets. You folks that are telling people not to get cancer insurance, are you going to pay their bills if they get cancer? Stick that in your pipe and smoke it. Narrow policies make sense. Their goal is to offer financial security [] I think you're absolutely wrong, and you think I'm absolutely wrong. Open it up with cloud-based editor and begin altering. Now I understand the term "billable hours". sandywich my parents had one of those accident policies. All online tax preparation software. 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. Carmel, Indiana. Planning, Wills Employee programs Your premiums can be conveniently deducted from your paycheck. His employer matches that amount. Sure, you need it, but it's not bright and shiny, you can't drive it, and no one is going to admire it. Thanks. I appreciate it. I deal with some pretty dumb people on a day to day basis. Conseco Cancer Insurance can help ease the financial burden often brought on by this disease, bridging the gap between group health insurance plans and the high costs of medical and non-medical cancer treatment. Their people are now telling me that that policy was not taken out until 2006, pushing our date back four years, 2016 for Return of Premium.Unfortunately, we changed banks that year, so we don't have any access to the previous account showing automatic deductions going back to 1989 for the Cancer and 2002 for the Accident Policy.My next step was to get theReps name that visited us in 2009. This was exactly the same principle. Did you note the first three letters of their name? Here is a link that might be useful: Cancer Insurance Information Article. Corporate Advocacy Business Remediation and Customer Satisfaction Program. Why Ripoff Report will not release author information! are peanuts. It pays you $300 for the first 30 days of hospitalization and then $600 a day after that. Carmel, Indiana Business Rating: Tell us has your experience with this business or person been good? Copyright 1997-2023 Ripoff Report. Why pay for the other guy's cigarette habit? 46032. 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. Homeowners and auto insurance are NOT special case insurance policies -- they are blanket policies that cover nearly all perils affecting either the car or the home. A program that benefits the consumer, assures them of complete satisfaction and confidence when doing business with a member business. The hard part comes when you cash them in and have to pay taxes on all that 'deferred interest' :-(. 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. 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