Bankers Life

IndustryHealth Insurance
HeadquartersChicago, Illinois, United States
ParentCNO Financial Group
  • Products: Medigap Policies, Long Term Care Insurance, Home Health Care Insurance, Short Term Care Insurance, Life Insurance, and Annuities
  • Bankers Life is the primary subsidiary of CNO Financial Group, Inc.
  • CNO's 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 offers a variety of different 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.
  • Products and services
    1. Medicare Supplement insurance
      • Bankers Life offers Medicare Medicare Supplement insurance plans A, B, D, 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, extended hospital care, physician's services, hospital outpatient services and supplies, and ambulance services.
    2. Life insurance
      • Bankers Life offers term life insurance, whole life insurance and universal life insurance.
      • These products differ in terms of coverage length, premium flexibility, cash value accumulation and distribution.
    3. Annuities
      • Bankers Life offers a variety of annuities, including Fixed Interest Annuity, Fixed Index Annuity, and Immediate Annuity.
    4. Long term care insurance
      • Bankers Life offers several types of extended care coverage that include comprehensive long-term care insurance, Facility-only long-term care insurance, home health care insurance, and short-term care insurance.
    5. Supplemental health insurance
      • Bankers Life offers a variety of supplemental health insurance coverage options such as critical illness insurance which covers cancer, heart attack, stroke, end-stage kidney failure, and other conditions.

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