This guy approached us to see if we wanted to buy this "cancer treatment" policy that the above named insurance company is offering. Just wondering if anyone has heard of such a company and knows anything about them. Thanks.
2007-09-12 10:28:36 · 20 answers · asked by Hmmmm 1 in Business & Finance ➔ Insurance
They're a legit company, rated B++ (I wouldn't buy from them based on that rating), HOWEVER, why would you buy a health insurance policy that only covers ONE illness? Your chances of using it JUST aren't that high.
If you want HEALTH insruance coverage, buy a health insurance policy. It's not cost effective, and very silly, to buy one policy for cancer, one for diabetes, one for heart problems, etc.
2007-09-12 11:46:38 · answer #1 · answered by Anonymous 7 · 4⤊ 8⤋
Family Heritage Life
2016-10-04 05:36:23 · answer #2 · answered by ? 4 · 1⤊ 1⤋
I am also an Independent Agent for Family Heritage in South Texas. I can tell you that the policies are real. I have a client who has been diagnosed with breast cancer, and Family Heritage is paying her money each week, travel, food, lodging, and for her treatments. A wonderful company with great ratings, helping families who need it. If you get the cancercare or some other policy, it does have a return of premium at 25 yrs or 65 yrs of age, whichever comes first. At 65 you'r policy that you pay each month will pay to a beneficiary, spouse in the event of your death. So I can honesty say it works, and it's a need for families. Especially now that 3 out of 4 families are diagnosed each year with cancer. Are yopu prepared for that fight. I hope you honestly believe that your top knotch insurance, even V.A. will pay 100% of it, and you have no outstanding debt from Cancer, or some other condition. In any case, if you feel you don't have enough, Get Family heritage, and stop complaining !
2016-05-18 04:02:29 · answer #3 · answered by Michael H 1 · 2⤊ 2⤋
Scam. I don't think so. High pressure sales, yeah, when they cold call you. Don't sign anything unless you know what you want and what you are getting. Individual insurance needs vary from person to person. You may be better off with other traditional health insurance or traditional investments.
I did my research and called them. I carry this, for peace of mind. Yeah, if you have no claims, the 25 year wait for return of premiums (less any claims paid) is a long wait & you get no interest as if you'd been squirreling the cash away in savings bonds. Cancel early & forfeit any premium return.
Their financial strength rating (FSR) used to be B++, but was upgraded to to A (Excellent) in 2012 when they were acquired by another company.
2013-12-27 08:28:30 · answer #4 · answered by skeptical 3 · 7⤊ 1⤋
Great company, they did what the salesman said they were going to do with my parents. They have different policies cause they were not married to each other when they got their cancer insurance years ago. Just a couple of years ago they received all the money they put into the policy since they didn t have a claim. They were very grateful to have that money back now that they are in their 80 s. Thanks Family Heritage for being honest.
2015-06-06 10:57:50 · answer #5 · answered by ? 1 · 3⤊ 0⤋
Family Heritage has an A Rating. Return of premium does apply. As in all cases, Return is based on Criteria. 55 yrs and under goes back to insured (There is a time period) 56 and older (Starting at that age) Return goes to beneficiary.
I was diagnost with cancer last year. They paid me $20.00 more than the charge if my surgery.
2014-07-21 04:42:59 · answer #6 · answered by Anonymous · 1⤊ 0⤋
in the process of filing a legitimate claim right now, seems they are trying to weasel out of paying. its suppose to pay regardless of whatever other insurance that you may have. Well , my daughter is on medicaid, she broke her femur. Medicaid paid her bill, but Family Heritage is suppose to pay me directly, regardless of whatever insurance there is.. They have all the documentation there is, there is NO QUESTION as to the claim being legitimate. Now they are telling me that they have to inform Medicaid and wait 30 days for them to respond. They just sent another letter telling me that they are going to give Medicaid an additional 14 business days to respond. They said that they will let me know their decision at that time , whether or not Medicaid responds, they told me they were gonna do that after 30 days. Will mgive everyone an update at the end of all this. Might even be a news story later on.
2014-12-14 16:01:47 · answer #7 · answered by mike 1 · 2⤊ 2⤋
Family Heritage is an AWESOME company! Please make sure you understand what you are buying...ask questions...don t rush into a decision! Anyone on Medicaid should not buy this...unless you are sure you are going to be off Medicaid when you file a claim or fulfill the time period for ROP...Medicaid people will lose their Medicaid benefits and have to spend all of it to get back on the program...These supplementals are for people that work and want to protect their assets if they get diagnosed with a devastating disease! Even the person above this post says they returned her premiums...and they were low...I love Family Heritage...I know what I am buying...I know what I am going to do when I get my ROP...
2015-04-20 09:19:34 · answer #8 · answered by ? 1 · 0⤊ 0⤋
I just found out about Family Heritage in August of 2014, i was asked "what do i have in place if i was diagnosed with cancer". My reply was nothing, i am a Veteran and have medical coverage through the VA but nothing to pay my bills. Now being in the Asbestos removal business for 30 years of course cancer was something i should have protection from. I closed my demolition company of 20 years, went and got my licensing and started sharing the Family Heritage products. My first stop was my daughter as she has "OI" a brittle bone disease and has had hundreds of fractures growing up and now 3 children with it. This is a genetic disease and Family Heritage has already paid 2 claims to my daughter! As for me, everyone needs to have the protection Family Heritage offers!
2015-01-23 03:04:51 · answer #9 · answered by ? 1 · 6⤊ 1⤋
Yes, it is a scam! I purchased a cancer policy in April of 2012 and was assured that premiums would be returned if no claims (or small claims) were filed. Also, a year or so ago, another young man approached me to buy a Family Heritage policy. I told him that I already had the coverage & ask for verification about the return of premiums. He also assured me that was true.
Today I phoned the company to make a change in my payment arrangement. Once again, I asked about the refund of premiums and was told that I was too old to qualify for that. To me that is a SCAM!
2014-07-07 09:17:47 · answer #10 · answered by ? 1 · 0⤊ 4⤋
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2016-04-15 06:58:45 · answer #11 · answered by ? 3 · 0⤊ 0⤋