Brent Smith, Bankers Life Agent

Wafaa Sougdali _{on Google}

Nov 8th, 2023

This is the most amazing company and Edina is its shining star. Great work atmosphere, the best training in the business, and the leadership and guidance is invaluable. The support agents receive cannot be found anywhere else. In this office, we are family. Our clients become family. I love Bankers Life Edina.
Sincerely,
A client and an agent

Annie Elmer _{on Google}

Jan 5th, 2023

Mom and dad have invested a lot of money in long term care insurance with Bakers Life. There's a 30 day elimination period for their policy. Dad didn't live long enough to qualify for a claim so the very expensive premiums will be lost. He was diagnosed with 2 cancers in 2020 and because he could dress himself and go to the bathroom, he didn't qualify for a claim. He had pneumonia in October 2022, fell November 16, had a heart attack and ended up needing 24/7 care. But the 30 day elimination period didn't start until he came home November 29 and died December 12 so that didn't meet the elimination period.
If you're considering buying this type of insurance, please consider what condition will consider you eligible to receive a claim and will you live long enough in that condition for you to receive benefits. You have to be in terrible shape before the 30 day period even begins.
I just found this statistic: "However, half of long-term care insurance policyholders die before ever using their benefits, according to the AALTCI. For the majority who purchase coverage that doesn't begin paying until 90 days after the covered individual begins needing long-term care, only 35% ever use their benefits, AALTCI found.May 24, 2022"
I couldn't find statistics showing how little money the 50 percent who qualified for benefits actually received.
Is it worth spending more money on mom's policy with these odds? Or investing those future premiums to make sure there's an account to live off if the needs arise?

Sheila Cheng _{on Google}

Nov 29th, 2022

I've dealt with a few agents and managers there and they have always been very responsive and very helpful.

James Oghenekaro _{on Google}

Nov 11th, 2022

Best place to ever work. supportive system, Loads of training, everyone act like one family, perfect managerial skills, Friendly environment (everyone is willing to help and see you grow till you achieve your set goal) and Lots and lots of trips, Vacations and celebration.
Trust me, it's the best insurance company here in Minnesota.