Conseco Life Insurance reviews and complaints
Confidentiality
My late husband had life insurance policy with Conseco. The agent who represented your company sent emails to all of my husbands fraternity brothers (approximately at least 10 one of whom was his partner in business) advising them how much money I received. This has caused a difficult relationship with most of them. More, specifically his partner with whom he had money due him as a result of different products they owned together. Upon negotiation to settle up monies due to me I was definately short changed and at a disadvantage. The first thing his partner said was that he knew exactly how much insurance money I received. It put me at a great disadvantage in our negotiations. It also caused me to lose friends, suffer embarassment and harassment. Should this action by your representative be something that we should discuss?
Unfair demands
I have a $75000 life insurance policy with this company. When I purchased it I was told I would pay monthly premiums for five years and then the policy would be paid up. Now I have received a letter claiming my policy is "underfunded, " requesting a payment of $1200, and requiring a monthly premium payment of nearly $200. This was a total surprise. It...
Read full review of Conseco Life Insurance and 3 commentsFraud
In 1994 I purchased a Conseco Life Insurance policy (at that time known as Massachusetts General Life) for $176, 266. Since then, I have paid $20, 000 on the policy. Beginning in 2001 I was told that the policy would pay for itself on the interest accumulated. In October 2008 I received a letter from Conseco saying that "Due to administration issues related...
Read full review of Conseco Life Insurance and 35 commentsGiving a Voice to Consumers
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