Conseco Life Insurance Company

Conseco Life Insurance Company Reviews: 14 Reviews

1. 
   Kris P. 17. Mar, 2011 at 12:00 am #

   My wife and signed up with Conseco for life insurance. They set up automatic deductions from our checking account for payments… but they set the date to be after payment is due. Then, they kept sending us letters that we were late in payment (remember, this is automatic deduction). We told them about the problem and they said they would fix it. They never did.

   Then, they threatened to terminate the accounts due to the late payments. So, we just canceled. But, they still kept automatically deducting. After we threatened to take legal action, they refunded us and sent a representative to deliver the check and a bouquet of flowers.

   Usually, when a company upsets me, I just make sure that I never give them business again. In this case, I really felt the need to share my experience as a warning to others. For the sake of everyone else, I hope my experience is the exception. I can’t stand Conseco.
2. 
   Harriet H. Coker 28. May, 2011 at 12:00 am #

   As low as I can rate it!!!

   My cancer premium increased from $26 per month to $76.69 in ONE YEAR! And, a representative told teachers at my school that the company has never raised premiums!!! Then, what has happened to mine???

   I’ll be dropping it shortly and telling everyone I know that your company is guilty of false advertising.
3. 
   JOAN CARLINO 13. Oct, 2011 at 12:00 am #

   TWO OUT OF FIVE
4. 
   Kent Vivrette 20. Oct, 2011 at 12:00 am #

   I purchased a universal life policy from Conseco 19 yrs. ago at age 50. My premium has been $92.00 per mo. Today I received information from Conseco that based on updated insurance cost my premium will be $531.08 per mo. That’s over 500% increase.

   I’m going to call the state insurance commissioner and file a complaint. This is outrageous and I cannot afford to pay over $6,000 in premiums per annum. This death benefit is for my daughter and grandsons.
5. 
   Robert Berry 25. Oct, 2011 at 12:00 am #

   After having my policy for over 18 years for a monthly cost of $77.00 I was just notified that my premium would go up over 300% starting in Nov. 2011 I am now retired and living on a fixed income and can not afford this at all.

   I think this is BS and will contact whoever it takes to make a formal complaint.At the time I bought this policy I was told that the cost would remain the same.
6. 
   Jean Oberdick 25. Oct, 2011 at 12:00 am #

   I waited for over 1-hour to speak to a Conseco Rep who confirmed the information I received in the mail informing me that if I want to keep the death benefit at its current value my monthly premium will increase from $137.40 p/m to $532.42 p/m.

   I have had this policy for 15 years. If the increased premium is not paid the death benefit and surrender value of the policy will drop to zero in 5 years.
7. 
   Gary Reichle 26. Oct, 2011 at 12:00 am #

   What it seems to boil down to is that Conseco low balls one into insurance at a younger age and once you get into the senior category they just up it to whatever level they like. Mine went from $37 to $164 per month.

   They know that you can’t get insurance any cheaper someplace else. Once they have $10-$20,000 from you, you can cancel and take a hike for all they care. Time for all of us to contact our state insurance commission.
8. 
   Garey 31. Oct, 2011 at 12:00 am #

   Insured for over 25 years, and suddenly my rate triples without warning. 5 phone calls got NO help, agent no longer with company. They CANCEL my policy and the contact #is disconnected.

   To top it all, they are still withdrawing payments from my bank account.
9. 
   mike kuenzli 17. Jan, 2012 at 12:00 am #

   Increase in premium life insurance from 50 to 200+ per month after 18 years. But for 29000 they’ll keep me as customer.

   Their ratings are dismal (b- range). There was no intelligible warning from them that I was about to get shafted.

   Actually 0 stars.
10. 
    Michelle Freeman 14. Mar, 2012 at 12:00 am #

    Thieves and liars, they are robbing me of the value of life insurance that I have been paid on for 14 years. At the time of purchasing the insurance we were told it was whole life and that the premiums would stay the same.

    Conseco life is stating that this is no longer the case and have taken the accumulated value of my policy deducting charges that should not be there.

    Screwing me out of 1300.00 they are not a reputable company nor are their customer service is poor and the agent that sold me this product is a liar!!!!
11. 
    Debbie Romese 05. Mar, 2013 at 12:00 am #

    I paid on a policy since 1984 and in 2012 my husband passed away. I called the insurance company and gave them all information about his policy and was waiting on my check. They never sent it. They told me that they do not know who the beneficiary is on the policy.

    I was married in 1981 and have been with the same man since then we have two policies with this company his and mine. They are in numeric order number as to when we purchased them. Now they say I am not the beneficiary on his policy and I have to go to probate court. What a bunch of crap

    Please check your policies so you don’t have to fight to get what is rightfully yours.
12. 
    Kathy Billings 08. Apr, 2013 at 12:00 am #

    My father died a week ago. He’s paid on this policy for most of my life. I was added as the beneficiary 4 years ago. I called today to file the death claim and was told that my mother, who has been dead for over 20 years, was still listed as the beneficiary.

    I spoke with 3 different representatives that all claimed the same thing. Even though they acknowledged receiving our request in 2009, the beneficiary was never changed. Definitely, will pursue justice for my father.
13. 
    Susan 27. May, 2013 at 12:00 am #

    This is the worst company ever! Sent in paperwork in March on 2 death claims was told several times it takes 20 days to get a check.

    It is now May 27 and No check. It took Met life only 7 days ….. I don’t know how these people sleep at night.
14. 
    Mary 31. Dec, 2013 at 12:00 am #

    I am with the rest of the people, Conseco sucks!

Rate and Review: Conseco Life Insurance Company