Complaint / review text:
My mother and father have had a long term health care insurance policy form Banker's life and casualty since 1998. My father is now deceased and never made a claim from Banker's Life.
My mother is currently (9-1-07) living in an assisted living facility. We have filed 2 long term care claims with Banker's life in the last 12 months, both have been denied. So, now that she is need of the policy benefits, not only does she not receive a single dime, she is still paying approximately $100.00 a month in premiums. Please be very careful in selecting a long term care insurance provider.
I wish that my parents would have just invested the approximately $10,000 in a good mutual fund instead of wasting it on a Banker's life Long term care insurance policy.