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Wednesday, January 31, 2018

Bankers Life - Alchetron, The Free Social Encyclopedia
src: www.depts.ttu.edu

Established in 1879 in Chicago, Bankers Life is the primary subsidiary of CNO Financial Group, Inc. (itself formerly Conseco, Inc until 2010). CNO is a Fortune 1000 company (rank of 548 in 2015) whose subsidiaries provide insurance products and services to customers in the United States. The core retail market served by Bankers Life is the pre-retirement and retirement aged individual and their families whose annual household income is between $25,000 and $75,000.

Bankers Life has 1.4 million policyholders and offers a variety of insurance products including long-term care and life insurance, annuities, Medicare products including supplement plans, Medicare Advantage Plans and Medicare Part D prescription drug coverage and critical illness/specified disease insurance.

Bankers Life also offers vision and dental plans through a partnership with Humana.

Bankers Life sells its products through a network of over 5,000 insurance agents based in over 320 nationwide offices.


Video Bankers Life



History

Bankers Life's predecessor, the Hotel Men's Mutual Benefit Association, began operations on January 17, 1879.

John D. MacArthur bought Bankers Life in 1935, and continued to develop it until his death in 1978. After studying how large American manufacturers branded and mass-marketed household goods and services, MacArthur led Bankers Life in reducing the cost of selling insurance and in making insurance coverage more affordable for middle-income Americans. By 1956 Bankers Life was one of the largest individual health and accident insurance companies in the U.S. The needs of America's growing senior market became Bankers Life's focus once President Johnson signed the Medicare bill into law. Bankers Life became one of the first insurers to develop and offer Medicare supplement insurance. Upon his death, control of the company passed to the John D. and Catherine T. MacArthur Foundation, a major charitable institution in the U.S. The foundation later sold Bankers Life.

Today, Bankers is a subsidiary of CNO Financial Group, a holding company for a group of insurance companies operating throughout the United States.

As of 2015, Bankers has $19 billion in assets under management. In 2012, Bankers processed more than 8.5 million claims and paid out more than $1.3 billion in policy benefits.


Maps Bankers Life



Products & Services

Medicare Supplement Insurance

Bankers Life offers Medicare Medicare Supplement insurance plans A, B, F, with high deductible, G, K, L, M, and N. These types of supplements help pay for items that Medicare may not cover such as Medicare deductibles, hospital and medical care co-insurance, exted hospital care, physician's services, hospital outpatient services and supplies, and ambulance services.

Life Insurance

Bankers Life offers Term Life Insurance, Whole Life Insurance and Universal life insurance. These offers differ in terms of coverage length, premium flexibility, cash value accumulation and distribution.

Annuities

Bankers Life offers a variety of annuities, including Fixed Interest Annuity, Fixed Index Annuity, and Immediate Annuity.

Long Term Care Insurance

There are several types of extended care coverage that Bankers Life offers. These include Comprehensive long-term care insurance, Facility-only long-term care insurance, Home health care insurance, and Short-term care insurance.

Supplemental Health Insurance

Bankers Life offers a variety of supplemental health insurance coverage options. Critical illness insurance covers cancer, heart attack, stoke, end-stage renal failure, and other conditions.


Bankers Life Fieldhouse รข€
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Research Studies

U.S. News and World Report referenced a recent study conducted by Bankers Life in an article titled "A Dozen Big Changes in Perceptions About Retirement." The Bankers study, titled "Middle-Income Boomers, Financial Security and the New Retirement," found that nearly 3 of every 4 middle-income Baby Boomers are rethinking their retirement date, and of these, 79% are delaying their retirement by an average of five years.


Bankers Life Fieldhouse Timelapse - YouTube
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Charity Funding

Alzheimer's Association

Bankers is a national sponsor of the Alzheimer's Association. The Alzheimer's Association is the world's leading voluntary health organization in Alzheimer's care, support and research.

  • Since 2003, the company has organized Forget Me Not Days, its annual nationwide fundraising campaign to collect donations for the Alzheimer's Association and raise public awareness of the disease. These campaigns have supported the Association with more than $2.9 million for care, education and research programs.
  • In 2012, Bankers contributed $420,000 to support the care, support and research efforts of the Alzheimer's Association through the fundraiser and a separate corporate donation, up from $386,000 in 2011.
  • In 2014, Bankers Life collected and donated over $436,000 on behalf of the Alzheimer's Association.
  • Bankers Life opened its annual 2015 Forget Me Not Days with "Alzheimer's Awareness Night" at Bankers Life Fieldhouse, in Indianapolis, Indiana on April 12, 2015.

Meals on Wheels Chicago

Bankers also supports Meals on Wheels Chicago. In 2010, the company made a $20,000 donation to aid Meals on Wheels Chicago. Since 2004, Bankers has transferred $230,000 to Meals on Wheels Chicago for programs, services and fundraising initiatives.


General Donations | Bankers Life's Fundraiser
src: www.crowdrise.com


Bankers Life Fieldhouse

On December 22, 2011, CNO Financial Group, Inc. and Pacers Sports & Entertainment announced that Conseco Fieldhouse would be renamed the Bankers Life Fieldhouse. This is home to both the NBA Indiana Pacers and the WNBA Indiana Fever. The venue hosts nearly two million guests a year and features events, such as the 2015 U.S. National Gymnastics Championships.


New Bankers Life Fieldhouse scoreboard - YouTube
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References


Notes: Notre Dame overdue to play well at Bankers Life Fieldhouse ...
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External links

  • Bankers Life Insurance -- Official Site
    • The Bankers Story -- History

Source of article : Wikipedia