Bankers Life & Casualty Long-Term Care Insurance
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Bankers Life & Casualty Long-Term Care Insurance

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Last updated: Nov. 27, 2017

47 Bankers Life & Casualty Long-Term Care Insurance Consumer Reviews and Complaints

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Verified Reviewer Verified Buyer
Original review: Nov. 27, 2017

It seemed impossible to collect from Bankers Life when my mother became ill and unable to care for herself. After months of trying to satisfy Bankers requirements, which I did, they just kept telling me I did not send this or that document and I proved to them I had. Finally, out of desperation, I told them they would not be hearing from me again. I was taking all documentation to my attorney.

I told them I had an attorney because I had been appointed Legal Guardian of Mom since she was unable physically and mentally to care for herself which they were fully aware of because I had sent them a copy of the guardianship papers from the court. I then told them they could pay the attorney fees, court costs AND pay my mom. I would not be contacting them again and I did not want them to contact me unless it was to send me a check for Mom. They started sending me checks. It is a shamed that you have to threaten them to get them to do what they were paid to do. I wouldn't even give them 1 star.

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Verified Reviewer
Original review: June 12, 2017

My parents paid this ripoff company for 10 years and they denied every claim except a partial when my mother passed away. 10 years of premiums and Bankers Life paid $1800 after 6 months of trying to get them to pay. Conseco Life Insurance is associated with them and it is the same dealing with them. Hundreds of bad reviews. DO NOT BUY ANYTHING FROM THEM!!!

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Original review: June 11, 2017

I am a Financial Planner and been in the business for over 10 years. Long-term care is a big part of my business considering the majority of my clients are seniors. My experience with Bankers Life actually comes from one of my clients. I have a client in NC who has had several health issues and was declined LTCI a few times by major LTC insurance companies. Long story short, my client was contacted by a cold call from a Bankers Life agent who insisted she could still get the insurance even after she disclosed her health issues. With that said, my client consulted with me and I said if he could get her approved then get the insurance.

I gave her a list of questions to ask about the policy and some pointers about what to look for. When the agent from Bankers Life arrived, he was very pushy and actually told my client to omit some health details when filling out the application. She also tried asking him the questions I gave her about the policy and he noticeably was growing very frustrated with my client and eventually told her if she doesn't trust him then he's not doing business with her then he packed up his things and left. These business practices are very unethical and need to be looked into.

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Verified Reviewer
Original review: Dec. 29, 2016

Customer service is not good. I always get the same greeting "NOW HOW IS THIS MY FAULT?" The world shakes and then the "nice" agent hangs up irresponsibly. It is awful. Also has a lock in contract and has worst policy and coverage. It won't pay out what you deserve unless you get hit by a truck or something like that. A three year old would do a better job. It sucks and is the worst gibberish I saw in my life. Would not recommend.

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Verified Reviewer
Original review: Oct. 7, 2016

My mother paid into a long term care plan with Bankers Life for many years. It was an automatic withdrawal of $150 @ month. Bankers Life failed to draft the monthly premium for 2 months. We contacted Bankers Life and asked why? We were told insufficient funds. THIS IS A LIE, NOT TRUE! Her balance has always been well over $5000 in her checking account. The bank confirmed the funds were NEVER requested. Bankers Life told us that my mother had to reapply as the policy she paid for all those years now lapsed? She was NOW declined due to her current health. There has never been any documentation from Bankers Life to support any insufficient funds or that the policy ever lapsed. BEWARE! My mother was contacted by phone for years after her decline by Bankers Life agents trying to sell her LTC. Even after her death they would try to set an appointment with her.

I would set an appointment with the current agent and tell her horror story about what a horrible company they work for. By having the current agent from Bankers Life come to her home even after her death, was a way to keep Bankers Life products out of someone else's home at that time. I had to give up my full time job, take a $50,000 pay cut to take care of my mother for over 10 years due to Bankers Life's unethical practices. Income loss total of over $500,000. I love my mother and did what I needed to do to take care of her.

I hate unethical companies like Bankers Life. BUYER BEWARE! I have since dedicated my life to helping people through the Knights of Columbus. I have become a field agent for more than 11 years now. I am an MDRT member and love helping families with an award winning Most Ethical Company. Thank you Knights of Columbus for helping me provide benefits to families that are guaranteed to be there when families need the most.

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Verified Reviewer
Original review: Sept. 16, 2016

We paid into our long term care policy for 16 years before my husband got sick and had to go to a Assisted Living Facility. I have been trying to deal with Bankers Long Term Care customer service since then. His payments are usually wrong and it takes several telephone calls and much stress to finally get it taken care of. I feel that I have to fight them every month to make them do the right thing. Customer service stinks and a manager won't call you back. In 10 days my October payment will be due, and I am still working on getting Bankers to settle up on the August payment. They are a very hard Co. to deal with. My advice would be to take your money and business to a more reliable company and not have the stress every month, not to mention dealing with a very sick spouse.

Original review: Aug. 7, 2016

We have met all of their requirements, had two nurses state that my mom cannot be left alone because of her vertigo and dementia which has her confused. They keep finding excuses to not pay, they paid for a few months and for some reason think my 86 mom's doctors and nurses that they sent to evaluate are both not telling the truth. Mom has been paying on this policy for over 13 years and for what, she needs help now and can't be left alone. We don't have the means to pay out of our pockets and need to work to pay bills. Scared and frustrated, please can someone tell me what to do??? This is both wrong and evil!!

Verified Reviewer
Original review: June 14, 2016

I have spent 4 months trying to get Bankers Long-Term Care to pay for my 85 yr. old father's care in a qualified care home. I have proof that all the documentation was faxed to Bankers when he was put in the care home. 4 months later they still will not assign us a representative for our claim. Customer service just bounces you from one person to the next. And all they can say is they still don't know if he is qualified or if the facility is qualified. And every time I call they move their answer date back another 6 weeks.

I am turning them into the insurance commission and contacting my lawyer. As my parents will now have to sell their house just to afford my father's care. Mind you they bought this policy in 1996. And Bankers won't pay off on the claim but they still want my mom to pay them every month for a policy they won't honor. You are better off same bagging your money to pay the care home direct when your time comes. Bankers Life and Casualty is taking advantage of senior citizens. Please don't let it happen to you.

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Original review: May 27, 2016

My parents both took great care in their early 60's to research and purchase long term care insurance. They both were issued policies from Bankers Life. My father paid on his policy for over 13 years before he became so ill we needed to make a claim. Bankers Life took way too long to set up payment, would send letters saying claims would not be paid (even though some were) and then finally, after we thought we had worked all the kinks out (which was like a part-time job) they sent a letter saying we were near our max claim (but would not tell us what that max was) and that my father would no longer have care. They had the audacity to write in the next line that they "were here to help."

My father will now have to pay for care out of pocket for 6 months before they will review another claim. "Customer service rep" when asked if he would likely be covered if he had to have a foot amputated or had a stroke replied "probably not." This company just plays games with people. Your loved one may die waiting for their care. If you want to pay for years to only get a year of coverage then you might not think it's so bad. Buyer beware.

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Verified Reviewer
Original review: April 20, 2016

When I set up my account they were able to answer all of my questions and accurately. I don't remember the policy options due to I was in the navy when I signed up for the policy. But it was easy to set up at the time which was about ten years ago. It is to cover my expenses when I pass away and leave it to my kids. I remember that the plan that I chose was a high amount of pay out for so little of a price that I pay monthly. The value of the plan that I chose I felt was best for me at the time of purchase of the plan. I feel that my family will be in the best interest of my family.

Verified Reviewer
Original review: April 16, 2016

Coverage is easy to choose and select because you can choose what policy is best for you and what will cover for you or your family and their options are great. They are helpful and informative because they answer any and all questions you may have concerning your policy and coverage. The customer service is always friendly and nice and wonderful.

Verified Reviewer
Original review: April 12, 2016

I did call to verify I was paying the right amount and they seemed nice enough. It was offered through my work and I only had 2 options so I can't really say that much about them other than I took the one that costs the most in hopes when I need this it will provide the best. I have heard from others that Bankers Life is very good but I have no personal experience with them. I hope that when the time comes they will provide what they are suppose to. It is much more reasonable than what I was paying at my last job and as I have stated others seem to think it is one of the better companies that provide long term ins.

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Verified Reviewer
Original review: March 12, 2016

I signed up. Got add to Ins for long time care. Had surgery & started getting bills. Told no worries medicare will review & delay. After several bills I paid it. Never got a refund. Had to cancel my checking account & debit card. I have all my paperwork. I have called and been to office in Laguna Hills 3 times now, phoned left messages, faxed info as required, now they need one more thing. Searching the companies on my computer reflects similar comments. Taking advantage of seniors.

Think about it before you invest in this company & coverage or lack of it. Wish you luck. I'm in my 3rd month keep copies of everything, record conversations with company. Protect yourself with some other company is my advice. I can face or put on my phone & send photos of all I have done on my behalf to get funds paid. On my third visit to doctor I was told they knew nothing about it. Wonder egos making money on this & would like to see how many people have had same experience.

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Verified Reviewer
Original review: Feb. 29, 2016

After all the horror stories about BLC in consumer reviews and in the media, I was about ready to hire an attorney before we ever filed the first claim in late December 2015 (for assisted living) for my 91-year old cognitively impaired mother who entered an assisted living facility in mid-April 2015. I sent a copy of her POA with the claim, but they contacted her for information anyway.

I wrote a blunt letter in late January of 2016 telling them not to contact her again and sent another copy of the POA. I then heard nothing else until last week. It was a letter dated mid-February stating that she qualified under the terms of her coverage as of mid-April 2015 (the beginning.) The next day I got a $12,000 check in the mail for October 15 - January 16 bills.

I called today to check on the other months and refund of the premiums for the retroactive months during which we had paid the $400 per month in premiums. The customer service representative said the check for mid-July - September of 2015 has been processed and mailed out and a separate one is in process for the refund of eight months of premium payments. The total of the payments for the retroactive coverage is $26,000. This miracle has occurred without any intervention on my part beyond the one letter I sent.

My brother and I were hoping they would start paying as of now, but figured we would have to fight for it. We certainly had not dared to hope they would backdate her eligibility (even though the policy said they might). After this unbelievably positive experience with Bankers Life, I felt I owed it to that company to write this review.

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Verified Reviewer
Original review: Feb. 13, 2016

Twenty five years ago when my parents retired they set about making out their will, pre-paying funeral expenses, etc. They met a salesman from Bankers Life who told them about their amazing long term care plan for only $110 a month! The clause my parents liked the best was that it would pay a family member up to $100 a day to provide care for one of them should they need help at home. Well, who know if this is true or not! We have been sending forms, claims, medical records, documentation, for over 18 months and Bankers Life always has a reason to refuse the claim or close it out due to "insufficient information" then we need to file another application and open the claim again. Now my 89-year-old mother is at home with me in the final stages of lung cancer with hospice support. Those of you who have gone through it can attest to the emotional and physical toll it takes on the caretaker - so let's add Banker's Life to the mix.

We live in a suburb of Boston - the latest letter regarding our application for reimbursement for home care services provided states "we were unable to locate a Licensed Home Health Care Agency near your address." Are you kidding me? They're all over the place being so close to a metropolitan area with numerous world known hospitals!!! The consequences are that I'm paying out of pocket for home health care support because any "Licensed Home Health Care Provider" that I spoke to would not work with Bankers Life and requires private pay.

The agency is being great providing me with documentation every week to try to meet the requirements. I'm going into debt so I can go to work part-time to avoid too much FMLA unpaid time. These stories would make good fodder for a John Grisham novel. 5 red stars in all areas (the system would only allow 2 for dissatisfied) - my parents' money went down the drain $110 a month for 25 years - now nothing but stress and possibly attorney's fees to show for it.

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Original review: Dec. 30, 2015

I have struggled with Bankers Life long term care insurance for 4 months now concerning my 80 year old mother's claim. This company uses a phone bank for correspondence and you never get the same person. I mailed, faxed, and uploaded to their website all forms needed and for two months they lied and said never received correspondence. I finally got a employees email and scanned to her. So then I had proof of items sent. Took another month for approval and now they saying September is not her 30 day grace period and November is so avoiding to pay us thousands we paid the nurse.

I have contacted the SC insurance commissioner and launched an investigation for Bankers purposely prolonging claims and cheating the ill elderly. This company will do anything not to pay. Worst company I have ever in my lifetime dealt with. It's a shame they don't pay what people have paid for all their life. It's stressed and upset my mom to the point she has lost too much weight so I had to tell them not to contact her. My mother is in her last stage of renal kidney disease and is on dialysis 9 hours a day to stay alive. I cannot believe we have a company like this in operation. It's a total nightmare.

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Original review: Dec. 3, 2015

We have Bankers Long-Term Care for 15 years. Lived in Mo. at time. Has been nothing less than a nightmare. Started with 5 years, just got a new $1000.00 rate increase. Will now have only about 30% of what we started with. Bankers agent told us any rate increase must be approved by state insurance dept. This was not true. What a waste of money.

Original review: Dec. 1, 2015

I signed with one of your agents Sheppy. I already had Colonial Penn but I needed home health care. I signed up. She deposited my check too early and I started the month over 100.00 in the hole. Tried to explaining it to her but she would not listen. Secondly I told her I was in immediate need of home health care. First I was told I had to wait two months. During that time I had to pay someone for the help I needed. Then I was told they needed proof I paid her which she supplied. Now they are saying if I filed a claim within two years I needed a referral from a doctor, medical records for five years, and when they received all of that it would take at least ten more days to get it approved and another 45 days to start payments.

In the meantime I have spend all of my savings paying someone. At the rate this be handled I might be dead before you people do what you said. I have a policy and have read it three or four time looking for the information you said you needed. If my claim is not processed and paid by 12/10/2015, I am filing a claim with the Better Business Bureau and writing the Insurance Commission about shady business practices. Who would do a sick senior citizen like this?

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Original review: Nov. 18, 2015

My parents purchased a long-term care policy from this company years ago and automatically deducted premiums for that entire time. My mother, suffers from dementia and Parkinsons and was placed in a long-term care facility. We filed a claim with Bankers Life and I sent them a stack of documentation from the facility and her doctors, they than said they needed "more documentation" from the facility and her doctors. It took over 60 days for them to finally certify and send a check.

Once we had that taken care of, we were told to send the monthly invoices we received from the facility (after they were paid, of course) to Bankers Life claims department and they would reimburse us. We did, and we have received nothing but stall tactics, headaches and frustration. This company will try ANY trick in the book to deny the monthly claim. I have begun documenting EVERY representative that I speak with and my mothers long term care facility has as well.

My experience has been nothing but frustrating and full of headaches. Today the representative told me that they STILL need more information and I was happy to be calling from home and not my desk at work because I let loose and after almost 10 minutes on hold and me providing the date, time, and name of the person the nurse spoke with and the last check magically went out yesterday. I told her... "I'm in Wisconsin and you're in Indiana and if that check isn't here in 5 business days I will be calling again!"

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Verified Reviewer
Original review: Sept. 29, 2015

When my mother was 85 and my father was 88, a Bankers Life agent, John developed a friendly relationship with my small town parents. He would drop in time to time just to visit and check on them. The other times when his sales numbers were low, he would sell them annuities, home healthcare policies, life insurance. This guy was a repeat offender. He even had my 89 year old father with Alzheimer's "witness" a document. This is just to give you an idea of how shady this company is.

We left a lot of the benefits in place because Mom like John and she didn't suffer from acute Alzheimer's like my father, but she did have mild dementia and when the insurance company gave her the runaround she was not equipped to stand her ground or meet their redundant requests. That's when my sisters and I took charge. It is the same story that many of you share here. Refused claims even when paperwork is in order, loopholes, rude customer service agents, endless transfers and excuses. It took us almost a year of constant battling to get their claim approved and benefits in place.

My father died before he could use all his benefits, but mom exhausted her care allowance and has to pay premiums again for six months before she can make another claim. We knew this ahead of time and called to make arrangements to restart policy premiums and to start we did not want to risk losing this policy. It is all that stands between her and a nursing home. We faxed the documents. I have the fax log confirmation. I faxed it again requesting information. Nothing came in the mail, and honestly I forgot to get back with them. I thought I would be reminded by something arriving in the mail. I should have known better. I already know their tricks.

Four months later we are getting close to making another claim. I'm getting ready with doctor's evaluations, statement of receipt, certified CNA's, daily care logs and proof of care. I am meticulous because I have learned what they want. I looked in her bank to count how many ACH withdrawals have been made from Bankers Life- ZERO. No evidence of any activity from Bankers Life in the checking account. I call their customer service dept to learn the policy had been cancelled due to non-payment. Wait, what?

They said they never rec'd the fax. Even though I said I have the fax confirmation, the reps response was "that only proves you sent it, it does not prove we rec'd it." It is past the deadline now and the policy has been cancelled. I could submit a letter requesting reinstatement was the response I received when asked what I needed to do to fix this situation and get things back on track. This information was not freely given. I had to ask several times. So now, I am sending the fax confirmations, the ACH paperwork and a request to reinstate via fax, upload and snail mail to be sure they received the info. I am also sharing this with my Senator Bill Nelson who was key in expediting VA spousal benefits for my mother when the VA was taking a year to process her claim. I am hopeful for good results.

You have to understand their goal is to make it SO difficult to submit a claim that most older people just give up. Get involved with your parents care, document every fax, phone call, email. Save everything. Record the phone calls and tell them that you are doing it. If you have done everything you're supposed to and you still feel cheated please email your senator. Involve your local politicians, that's what they are there for, to help you when situations seem hopeless or unfair. I wish I had an ending for this story, we are still engaged in a battle.

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Verified Reviewer Verified Buyer
Original review: Aug. 11, 2015

I have made monthly payments since 1992 for 2 policies. One for nursing home care and one for in-home care for my wife and myself. During mid 2014 I initiated a request for in-home care for my wife and selected a local caregiver company. After complying with Bankers Life application requirements we were finally approved for benefits but were told that we had to pay the caregiver for the first 14 days of care, (an elimination fee). We did that and then stopped care to go to Florida from 01-13-15 to 03-26-15. When we returned to Ohio and asked to re-start care, we were told we would have to apply all over again and pay another 14 day elimination fee. I protested, to no avail because of a clause in my policy requiring this any time care was stopped for 6 months or more. Is this fair or justifiable when it's my money they are using?

Verified Reviewer
Original review: July 21, 2015

I am now in the process of trying to get Bankers Life to pay for the long term care that my parents purchased years ago. My mother is in an assisted living facility as of June 4, 2015. I have submitted, FedExed and called the company once a week since her admittance. I have yet to receive a check for her two months that my dad has paid out of pocket. I have read nothing but negative reviews. You have to have them in the facility in order to submit the claim, however after they are admitted, you can't get the claims paid. I was told it takes 25 days after receipt of everything they request.

Well 25 days has come and gone and we have yet to receive an answer or check. I will not give up. My dad has paid on this policy for 20 years and he will receive the benefits promised. I am up for a class action suit or a private suit. But I will not give up. I will call the agent and the claims department everyday if I have to. This is ridiculous. They promise the moon when they are selling the policy but won't give you a light bulb when the time comes to cash in on the need.

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Verified Reviewer
Original review: July 2, 2015

We have been frustrated with Bankers Life/Transamerica for a claim we file for my 94 year old mother who needs full time care. They are good at stalling on the claim and come up with all these things they have to do before they will make a decision. My mother needed Home Health Care first and that was a nightmare also. After 6 months, they denied the claim. I turned it into the Insurance Commissions office and they got them to pay the claim. I think they are hoping people will give up and then they will not have to pay the claim. My mom pays 10,000.00 per year and this is how they treat her. Not a company I would recommend.

Verified Reviewer Verified Buyer
Original review: April 24, 2015

Bankers Life Agents prepared two policies for my husband in our home. One for Life Insurance and the second for Long Term Care Insurance. The Life Insurance in the amount of 25K was replacing an existing policy for 10K the Long Term Care Policy a new Policy. We submitted to all medical review questions and provided the names of my husband medical doctors, tests labs etc. The policies were issued and premiums were deducted accordingly.

The Long term care claims were denied because my husband attended his doctor during the week the policy was being processed. Policy denied. Now my husband has passed away and I'm told this policy is being contested as well. The policy was underwritten by professionals and we complied with every request to provide access to all medical records. Now when I need help the most I get the cold stare from the agents and the company.

Minimal communications - the lady on the phone said something will be mailed to me. I submitted this policy to the funeral home in good faith. This company is a sham. I'm cancelling my existing policy because I don't want the same thing to happen to my loved ones. Consumers have no protection against these slick agents and underwriters. They have access to your medical records and doctors and can deny a policy at will.

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Verified Reviewer
Original review: April 23, 2015

I recently filed claims with Bankers Life & Casualty LTC on behalf of my mother. The process went very smoothly. I used their web-based document upload service. They were quick to respond and let me know what was lacking (e.g. the plan of care from the LTC facility). Once all of the requested information was submitted by all of the parties (me, Mom's physician, and the LTC facility), we were notified within a couple of weeks that the claims were approved. About 2 weeks later, we received the first reimbursement check. We received the 2nd check last week. The LTC facility faxes them the itemized bill each month. I am going to see if they provide a direct deposit option (which is how I stumbled on these bad reviews of Bankers Life and decided I need to let people know that someone has had a positive experience). But even if they don't offer direct deposit, I will still be pleased.

Verified Reviewer
Original review: March 12, 2015

My father-in-law has Alzheimer's disease and was diagnosed 3 years ago. Our nightmare with Bankers began in January 2012. I have read all of these complaints and feel as if I am reading our own story. I will try to keep this short and share some possible strategies that we are trying.

We began meeting with the first agent in January of 2012 after my father-in-law went missing and was thankfully found. We started the claim process at that time. After numerous delay tactics, mismanagement, and incompetence on the part of Bankers, we were finally, one year and two months later in March 20, he was DENIED money for his daily care. We were asked numerous times to provide information that we had already provided. It went on and on. In addition, our caregiver was told to take classes for her certificate and she would be covered. She spent over 700.00 to complete the course, but they refused to pay on the grounds that she was an independent caregiver. Nowhere in the policy does it stipulate that the caregiver needs to be associated with an agency. I wrote to the NJ Insurance Complaint Department, but to no avail.

Just recently, my father-in-law stayed at a local facility for respite care, which was covered in his policy. The dates were 12/24/14-1/5/15. Of course the facility faxed 33 pages of information to Bankers, then completed another 10 pages deemed necessary for the claim process to continue, which it hasn't. That was not enough. They required an itemized bill, which the facility does not complete. I'm sure Bankers knows this well.

However, the facility has been very helpful and is trying to meet all of Bankers' requirements. The facility stated that they have NEVER dealt with this problem before and they deal with companies all the time. I have called Bankers repeatedly. The last time I asked how many people were handling our claim and the man said, "Quite a large number of people." This is absurd. Every time I call now I am taking names and writing what they tell me about the claim so I can keep track. I get someone different all the time. They appear to be reading from a script. I could go on and on. This claim still has not been resolved. But let's do something.

Please help me do the following: Write a letter to the president of the company - Mr. Scott Goldberg. It looks like the HQ is in Chicago. 111 E. Wacker Dr. Chicago, IL 60601-3713. Write to the insurance complaint department in your state. Nothing will help unless we make this more public. My next step will be to contact 7 On Your Side, our TV station in NYC. Please contact your local station. Please send letters to your local newspapers. CNN also has investigative reporters such as Drew Griffin. Write to the BBB of Illinois. You can do that on the BBB website. I am appalled at how much time this takes. But the bigger issue is that this company is getting away with making promises and knowing full well that unless an elderly person has someone to fight for them, they will never get a penny.

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Verified Reviewer Verified Buyer
Original review: March 9, 2015

I put in a claim for my father in September 2014 and expected a claim check to start in December of 2014. We have not gotten a check for December, January and now February. I have spent many hours on the phone and each time they tell us that some other information for him all of the requirements from the beginning of this process but they did not. After many lies that the check will be sent out, we still have no payment for his care. I would never take out any insurance from this company. They take your money but do not pay their claims!

Verified Reviewer
Original review: Feb. 28, 2015

After a stroke, and they provided no help. Now my step mom is in a nursing home and I am going to try to get the policy reinstated, but after reading all of the reviews, it still looks like there is going to be a battle to even get them to pay anything. She is being forced to spend down her assets/life insurance policy and lose her home to apply for Medicaid when she had a long-term care policy in place. This is not right. Shame on these insurance companies preying on the elderly.

Verified Buyer
Original review: Feb. 8, 2015

We began filing a claim for my father who is 94 and needs 24 hr care because of various health reasons. We first began the process in Sept. of 2014 and have yet to receive any funds, though he is well qualified, we have met all requirements, and he has met the deductible easily. Every time we call, we get a different agent in all countries around the world. Each agent has different information and every time we are told that we need something different to meet the requirements. My parents both have a considerable amount invested in LTC and I am ready to help someone bring a class action lawsuit!!!

This company preys on the elderly who can't defend themselves. It is as bad as the scams you read about with people taking money from the elderly. I will keep on this company until something is resolved!!!

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Original review: Jan. 9, 2015

My mother-in-law took out a policy for long term care with these people 15 years ago and now wants to use the policy and it is a nightmare. I'm surprised there hasn't been a class action lawsuit against them. They are happy to take your money for years but they DO NOT want to pay any claims. They keep harassing us and calling us trying to find a reason why they don't have to pay. The agencies they use have extremely POOR workers providing care. We have had 5 different employees in a few months period because they keep quitting.

They tell you you can go with whoever you want, but that is pretty much a lie too because they will look for ANY reason not to pay a claim. They keep calling to see if they can find something in your recorded conversation that will let them off the hook. If you're even considering this company - run - don't walk. I would NEVER get a policy like this and especially NOT from Bankers Life, after seeing how difficult it is to use it. It was definitely a waste!

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Bankers Life & Casualty Life Insurance expert review by Matthew Brodsky

Doing business since 1879, Bankers Life and Casualty has long been a trusted name in life insurance. With a core value of creating affordable insurance, it is no surprise that this company has branched out to include long-term care insurance and Medicare supplemental plans.

  • Total health package: Bankers Life and Casualty offers a complete range of health insurance packages for the elderly. It includes supplemental Medicare coverage, long-term care insurance and in-home coverage.

  • Home health care is covered: For many, the idea of moving into an assisted living facility or nursing home is unpalatable. This company offers an alternative by providing coverage paying for in-home health services.

  • Extensive options: Many insurance policies only cover nursing homes or specific types of care, but Bankers Life and Casualty has several tiers that work well for all ages. The company offers both short- and long-term care options in a variety of settings.

  • Exceptional customer service: Bankers and Life Casualty boasts of its superior customer service, which is available through phone or email.

  • Comprehensive retirement planning: In addition to their long-term care insurance products, they also assist with life insurance and annuities to help secure your financial future.

  • Best for: Parents, retirees and the elderly.

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Matthew Brodsky

Insurance Contributing Editor

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Matthew Brodsky is an established expert on insurance, having written hundreds of articles and other pieces of content on the subject, interviewed countless practitioners, and attended dozens of conferences and events. He served as an editor at industry magazine Risk & Insurance for six years.

Bankers Life & Casualty Long-Term Care Insurance Company Information

Company Name:
Bankers Life & Casualty Life Insurance
Year Founded:
111 E Wacker Dr Suite 2100,
Postal Code:
United States
(800) 231-9150