Complaint Review: Bankers Life Colonial Penn
- Bankers Life Colonial Penn
4811 Beach Boulevard #402
United States of America
- Phone: (904) 398-5769
- Category: Insurance Agencies
Bankers Life Colonial Penn Bankers LIfe, Conseco, Inc. Insurance fraud, twisting, churning, insurance agent nightmare, dual agent application scam, fraudlent activity, senior abuse, customer abuse jacksonville, Florida
I personally witnessed agents rewriting policies after a trainee left the employment of the agency. The clever "dual agent" signing page allows the corrupt Jacksonville, FL agency I worked for add another agents name to the application after the fact. Keven Stephens of Liberty National (an ex Banker's hit man) told me he personally rewrote hundreds of policies every year during his employment with Banker's of Jacksonville to screw new agents out of commissions earned in order to redirect the commissions to newly hired agents. [continued below]....
It's a dead end job. There is a reason Banker's Life and Casaulty Jacksonville Florida agency is not accredited with the Better Business Bureau. Keven Jeffries and his henchman Frank Fowler both demonstrate criminally intent. I remember one meeting where we were ordered to write guaranteed issue policies only due to it being the last week of the month. The training director Frank Fowler fielded a question by a trainee agent who inquired why he couldn't write fully underwritten policies to save the prospect hundreds of dollar a year in premiums. Frank replied "do you want to write a policy that will pay you in 2 weeks guaranteed or one that may never pay you a dime?"
This report was posted on Ripoff Report on 10/13/2012 06:08 PM and is a permanent record located here: http://www.ripoffreport.com/reports/bankers-life-colonial-penn/jacksonville-florida-32207/bankers-life-colonial-penn-bankers-life-conseco-inc-insurance-fraud-twisting-churning-954650. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
If you would like to see more Rip-off Reports on this company/individual, search here: