Trina, thanks for all of the additional information. "Cancer insurance" as I understand it is a medical suppliment policy designed to offset increased living costs associated with a cancer diagnosis. No, better yet dont buy it. This example is provided for illustrative purposes only. Your email address will not be published.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. These one-in-so-many stats don't take into account that everybody's heart stops beating at death. Conseco settles life insurance class action M Mike. (ok, Texas is a big state, but) Your transportation doesn't kick in until it's 100 miles away. The premium-return amount is based on ROP/CV payments to Washington National policyholders from January 1, 1995, through December 31, 2020. so that you die, say 24 years and 6 months down the road. It cannotbe canceled because of your age or state of health. Additional Illinois State resident information Save my name, email, and website in this browser for the next time I comment. insurance you have. They did pay for the ER visit, but refused the hospital stay which was supposed to pay her $500 per day. Seems like a no brainer to me. 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. 0. Don't waste your money on cancer insurance! 17. 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. Post Author: Post published: 21st May 2022 Post Category: best catfish rig for river bank fishing Post Comments: naason joaquin garcia released naason joaquin garcia released If you don't use the insurance, after 25 years you receive the entire amount you have paid as a refund. It would be up to the owner to decide whether to use the insurance payment to pay medical bills or use it in some other way entirely. The insured is covered as along a You didnt in any way. Their goal is to offer financial security [] 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. "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. Short Term Disability Insurance For Self Employed. 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). 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. 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. Wife bought the accident policy years ago, never used it until she recently fell and injured her leg. Is that right, and we wouldn't have to pay anything then? Choose the company that holds the life insurance policy Conseco Life, Conseco Life of Texas or Washington National. 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! Yes, in most states you can pay extra to get return of premium after a specific period of time. Ummm no thanks! The chance of getting cancer in those 25 years is very small -- probably a one- to two-percent chance. No, I have not considered them; just don't know about them. Otherwise, I'd have to buy heart disease and alzheimer's and who-knows-what insurance too. 3. #1 Internet-trusted security seal. Just as an example, look at the $600 a day *after* 90 days in the hospital. Municipalities have been known to default. I Have cancer nsurance and I know how it works. I deal with some pretty dumb people on a day to day basis. It pays bone marrow donors $1000 for donating bone marrow and you get paid for the transplant also. 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, like lottery tickets, amounts to a very poor way to spend money. In a narrow segment of population, age of death 34-54, cancer is the leading cause, however. They are insured? Like the Sate doesnt control it. When I sold insurance, policies were available with and without that particular feature. Folks, everybody dies. The Market Conduct Examination was conducted on Conseco Life Insurance insurance or accident claim with Conseco. What do you think? By excluding it, they're ensuring that a big chunk of the cancer-suffering populace can't collect on their insurance. Along with the certificate they offered to send me the list of benefits at the cost of $25. My mother in law who has always been pretty healthy (or so we thought), began her policy with Family Heritage in Oct 2010. Why Ripoff Report will not release author information! For more information aboutConseco, please visit their home . 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. July 1, 2014. For a family, the most important insurance you need is a general medical insurance with as high a benefit limit as you can find. They canceled my policy and will only reinstate it if I reapply. Does anyone here have cancer insurance? Cyndi. |, CONSECO, CONSECO INSURANCE, CONSECO INCORPORATED. If you have any questions, please contact customer service at (800) 525-7662. Term life insurance expires at the end of the term. That's not what I'm trying to do. 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. If you are a "saver" then get a policy without the cash feature, if you can't save a dime then perhaps consider a cash value policy. I didn't need reconstructive surgery after any of the three. Go check it out and make sense out of the numbers. or regardless of claims based on the policy selected. This rider cost money - it's not free. If they accept me, they will start charging me more because I'm 7 years older. By Mark Cluett Director of Content 7 min read January 29th, 2023 IN THIS ARTICLE 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. Life insurance offered through employment is usually not enough. Given its strong capital position, CNO Financial can withstand both up and down markets. 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. You pay taxes on the 4% interest you're collecting from your I bonds. ET if you have any questions or concerns. If you are retired most will not be working so it is immediately of no benefit. Because of the location of the basal cell carcinoma, I had MOHS surgery. Drug Rehab Deception Addiction Treatment Industry Rocked By Fraud & Abuse. Besides, I would have to be licensed in every State to do business with people on this forum. Hello to good to be true and money investors. 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. And then there were lab fees, radiologists to interpret the X-rays, consulting physicians that came to visit, and much, much more. The "cash back" portion is mostly for show. Basically, the policy costs you interest on your money for the next 20 years. Compare TurboTax products. Us, Delete Planning, Wills Sometimes a policy can cost more then it is worth, so shop around. Free Edition tax filing. Need MOHS surgery with reconstructive surgerywill be talking to my agent tomorrow to find out my options. Does anyone here have cancer insurance? Also, I do already have regular health insurance, but this pays directly to the patient or family. Conseco Insurance Return Of Premium Dates Changed? Yet another awesome website by Phlox theme. Does cancer insurance offer a return in premium or cash value? As we age, you are more likely to die of cardivascular disease. File your review. A good rule of thumb is to purchase insurance only from an insurance provider. 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. The money you invested you Dave Ramsey morons. This has been going on for over a year now. Get access to thousands of forms. This insurance company is all about screwing you out of your money. 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. Goodness, where is the cancer located? Take your head out of your ass. When you have cancer..?!?!?! While here he had the paperwork, showing that in 2012, he would be back, with the Return of Premium, on our other Policy. Typically, 1 mil is not enough if there is a serious diagnosis. Lifetime renewability2 Your insurance policy/certificate is guaranteed to be renewable for life. Ensures that a website is free of malware attacks. We are contributing 6% of my DH's salary to retirement. Carmel, There are 21 million people living with diabetes now where most will develop cardiovascular disease given enough time. Hate to say it, but never have bought one (I'm a CD gal myself). 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. Does cancer insurance offer a return in premium or cash value? Many people cannot save money at all and are attracted to these features. 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. Required fields are marked *. (Wilton, Connecticut) - Today, Wilton Re completed the acquisition of Conseco Life Insurance Company ("CLIC") from CNO Financial Group ("CNO"). services, For Small If you don't agree with me, that's fine. 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. 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. Personally, I would not get it. It cannotbe canceled because of your age or state of health. Conseco Cancer Insurance. That would be a big help if that time ever came. LLC, Internet USLegal fulfills industry-leading security and compliance standards. If youre ready for more information about supplemental health insurance, let us know. example, they pay on skin cancer one time only and it's equal to about a half year's premium. We had to cash out his other retirement a few years ago when his employer closed. Sure I can it's called the American Cancer Society. 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)! Ron Bendes, senior vice president and national sales director of health insurance products for the Conseco insurance companies, said, The Conseco Solutions Cancer product demonstrates how . 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