Complaint / Review
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

I worked for this agency in 2009. During that time I saw every abuse and criminal activity one only hears about in insurance agent training. They claim as a new agent you'll work with a seasoned veteran during training and share in that agent's commissions.in reality, new agents get screwed out of the promised income because they let the field trainers work the appointments they expect to write policies on after dropping off the trainees back at the agency. Standard agency practices include twisting and churning.

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.