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Wednesday, February 18, 2009
The Shit List Has a New King of the Heap: Bankers Life and Casualty
It's been a while since I've added anyone to the list, much less at the top, but Bankers Life and Casualty is a real winner.

According to, they are a pyramid scheme masquerading as an insurance company. The New York Times published an article about them in 2007:

In 2003, a subsidiary of Conseco, Bankers Life and Casualty, sent an 85-year-old woman suffering from dementia the wrong form to fill out, according to a lawsuit, then denied her claim because of improper paperwork.

Recent experience with this company has borne this out.

What really give it away, even more than the convincing testimony of policy holders and former employees, are the canned positive responses. That is the tell-tale sign, I've learned, of a MLM bullshit.

This, in addition to the general cascade of revelations about fraudlent financial companies, has led me to revise my theory that one-half of the American economy is people trying to rip off the other half. 60% is probably a more accurate, though conservative, figure.

By the way, if you're from California and you want to file a fraud complaint, call 1-800-927-4357 or see this page for more info:
Blogger Tomohiro Idokoro comments:
My friend reports that, after a long and tedious struggle, her grandmother is receiving reimbursements. In light of this development, I'm removing them from the list.