Established in 1879 in Chicago, Bankers Life and Casualty Company focuses
on the insurance needs of the retirement market. The nationwide
company, a subsidiary of CNO Financial Group, Inc. (formerly Conseco),
offers a broad portfolio of life and health insurance retirement
products designed especially for seniors.
Bankers
has more than 1.3 million policyholders and offers a comprehensive
portfolio of insurance products including long-term care and life
insurance, annuities, and Medicare products including supplement
plans, Medicare Advantage Plans and Medicare Part D prescription
drug coverage.
The Wall Street Journal reported that Bankers also offers vision and dental plans through a partnership with Humana.
The company sells its products through a network of over 5,000 insurance agents based in over 200 nationwide branch offices.
In
business since 1879, the company was developed and owned by Chicago
insurance man John D. MacArthur since 1935. At the time of his death in
1978, 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 and Casualty Company.
Today,
Bankers is a subsidiary of CNO Financial Group, Inc., a holding company
for a group of insurance companies operating throughout the United
States.
As
of 2010, Bankers has $13 billion in assets under management. In 2010,
Bankers processed more than seven million claims and paid out more than
$1.1 billion in policy benefits.
Bankers was named one of the top 10 long-term care insurers in 2009 by LIMRA.
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