Your source for the latest health, disability and Insurance news and tips

With the Economy and Large Financial Giants Failing, What Happens to Conseco’s 144,000 Long-term Care Policyholders?

The Conseco (NYSE: CNO) Senior Health Insurance Trust that affects current long-term care policyholders and shareholders will be discussed by Frank N. Darras, on Tom Woodruff’s hour long radio show Tuesday at 1 PM Eastern (10 AM PST). He will also take questions from callers.

According to Darras, the deadline of September 30 is fast approaching and policyholders need to know they may lose it all. “It is time to stand up and be counted,” says Darras. “No one has alerted, contacted or warned my seniors they have a right to weigh in and be heard.” See http://www.savemyltc.com/.

At our web site and at this link, http://www.ins.state.pa.us/ins/lib/ins/conseco/037.pdf, shareholders and policyholders can review recent and important communications regarding this Trust. Here, the Pennsylvania Governor’s Office of General Counsel states, “There is no provision in the Insurance Holding Companies Act which requires that each policyholder be notified individually. To the contrary, policyholder participation is sought by way of public notice in the Pennsylvania Bulletin, the Commonwealth’s official publication for information and rulemaking.”

“That is a recipe for disaster,” says Darras. “How in the world are these affected policyholders ever going to know they are being shuffled off to an eleventh hour Trust if they aren’t told?”

Pennsylvania may not have a provision that requires notice to the policyholders but common sense and fairness to the elderly who have paid richly for this coverage should carry the day. What is the big rush? These seniors have been paying their premiums for years and have held up their end of the bargain. Why not let the policyholders ask their questions, pose their inquiries with the transparency they have been promised?

Tune in to listen to the radio live, at 1PM Eastern (10 AM PST) to find out what you need to know to protect yourself, your investment and to take action to prevent this precedent setting potential disaster.

Our Promise To Our Clients:

  • FREE: Consultations and Insurance Case Evaluations Are Always Free
  • UNDERSTANDING: We understand how you feel. Our clients are often at the very bottom of their life, feeling emotionally, physically, and financially exhausted.
  • PASSIONATE PEOPLE: Our expert Attorneys and Dedicated Staff Love The Work We Do. We are Compassionate, Caring, and Results Driven.
  • UNPARALLELED RESOURCES: We will not be bullied or outspent by billion-dollar insurance companies or their army of lawyers. 
  • RESPECTED: We have fought and won the respect of every disability and Long-term care insurance carrier for our policyholders.
  • RESULTS: Frank Darras and his firms have recovered nearly a $1 billion dollars in wrongfully denied insurance benefits to date, and we put that proven track record to work for you and your family.

DarrasLaw is Americas' most honored and decorated disability litigation firm in the country. Mr. Darras has seen more, evaluated more, litigated more, and resolved more individual and group long term disability and long-term care cases than any other lawyer in the United States.

Request a Free, Confidential Case Review.
Skip to content