Keep reading to see if Bankers Life is the best life insurance company for you. The company has an A+ rating with the Better Business Bureau (BBB) and an A (Excellent) financial stability rating from AM Best, but according to the National Association of Insurance Commissioners (NAIC), it has a higher than average rate of customer complaints. Plus, the company offers robust options via life insurance products that build cash value in a wide array of coverage amounts.

Seniors nearing retirement or anyone who enjoys old-fashioned customer service may appreciate that Bankers Life conducts all of its business via qualified agents - during the quote and application process, neither of which is available online - either in-person (they make house calls!) or on the telephone. Johnson signed the Social Security Amendments of 1965 into law, Bankers Life turned its collective attention to the country's growing senior population. Bankers Life says it paid claims to more than 658,000 policyholders (to the tune of $266 million) in 2022 alone. Since 1879, Bankers Life has been helping middle-income individuals throughout the US protect their future financial security - in particular when preparing for retirement. You can't get quotes online, though, and it has more customer complaints than average despite strong Better Business Bureau and AM Best financial stability ratings. customers may not be representative of the experience of other customers of the firm(s) and the experience of any particular customers is no guarantee of future performance or success This is not a paid endorsement.Show Pros, Cons, and More chevron down icon An icon in the shape of an angle pointing down.īankers Life Insurance offers a wide variety of life insurance policies and several optional riders for more coverage customization. The testimonial of these Bankers Life Securities, Inc. Information provided and opinions expressed are solely the opinions and experiences of the individual and do not reflect the opinions of Bankers Life Securities, Inc. Before an FR and/or FA is permitted to open a client account or provide investment services, we determine if the FR and/or FA is appropriately authorized to provide such services in the state where the client is located. Home Office: 111 East Wacker Drive, Suite 1900, Chicago, IL 60601 Bankers Life Securities Customer Call Center: (844) 553-9083.Īll other lines of insurance are underwritten by Bankers Life and Casualty Company.īankers Life Financial Representatives (FR) and Financial Advisors (FA) may not be authorized to conduct business or provide investment services in every state and jurisdiction. Investments are: Not Guaranteed, Involve Risk, May Lose Value. SEC Registered Investment Adviser (dba BL Advisory Services, Inc., AL, GA, IA, MT, NV, PA). Advisory products and services are offered by Bankers Life Advisory Services, Inc. Member FINRA/ SIPC, (dba BL Securities, Inc., AL, GA, IA, IL, MI, NV, PA). Securities and variable annuity products and services are offered by Bankers Life Securities, Inc. Non-affiliated insurance products offered through Bankers Life Securities General Agency, Inc. BCLIC is authorized to sell insurance in New York. A licensed insurance agent/producer may contact you.īankers Life is a marketing brand of various subsidiaries of CNO Financial Group, Inc., including Bankers Life Securities, Inc., Bankers Life Advisory Services, Inc., Bankers Life and Casualty Company and select policies sold in New York by Bankers Conseco Life Insurance Company (BCLIC). Bankers Life and Casualty Company is not licensed in and does not solicit business in New York. These products and their features and riders may not be available in all states. For costs and complete details of coverage, contact the agent/producer. Policies may have limitations and exclusions. WASHINGTON NATIONAL, BANKERS LIFE AND THEIR LICENSED AGENTS/PRODUCERS ARE NOT CONNECTED WITH OR ENDORSED BY THE US GOVERNMENT OR THE FEDERAL MEDICARE PROGRAM. Medicare Supplement insurance policies are underwritten by Washington National Insurance Company. Agency to sell Medicare Advantage policies available on .Ĭheck the background of our firm with FINRA’s BrokerCheck. Bankers Life agents are licensed through K.F.

Enrollment in any plan depends on contract renewal. which is a licensed and certified representative of Medicare Advantage organizations with a Medicare contract.

Bankers life insurance company