• Report: #940377

Complaint Review: Bankers Life

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  • Submitted: Wed, September 12, 2012
  • Updated: Thu, September 13, 2012

  • Reported By: former employee — Peactree City Georgia United States of America
Bankers Life
Atlanta Georgia Atlanta, Georgia United States of America

Bankers Life Colonial Penn / The company was formerly known as Conseco, Inc. and changed its name to CNO Financial Group Weak and ignorant Management, Lies and misdeeds...Churn and burn... Atlanta, Georgia

*Author of original report: it is true - they are criminals....

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This operations motto is " churn and burn them".  The Management has no interest in what is best for their agents, nor their Clients.. they will switch out policy's just to make more money. They mislead clients with low quality Fixed annuity's. They will deny most claims and often increase their Premiums clients must pay. If the clients don't pay they will charge the cost against the agent. When an agent leaves they reassign and rewrite the policy so they can make more money and still have a charge sent to the former agent. 

Stay FAR away form this "Boiler Room"....

This report was posted on Ripoff Report on 09/12/2012 07:18 PM and is a permanent record located here: http://www.ripoffreport.com/r/Bankers-Life/Atlanta-Georgia-/Bankers-Life-Colonial-Penn-The-company-was-formerly-known-as-Conseco-Inc-and-changed-i-940377. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
1Author 0Consumer 0Employee/Owner
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#1 Author of original report

it is true - they are criminals....

AUTHOR: former employee - ()

I have also worked for this company. I have had many of the same issues that the previous person had with this organisation.  I have witnessed the nost dispicable, low handed attitudes and deeds that I had to resign, and report the activities to the Georgia Insurance Commisioners office.

I would NEVER suggest to ANYONE to work or even to do business here.

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