Wilco Life Insurance Review [Get Help Here Fast!]
last updated on March 7, 2022If you are here to learn a little about Wilco Life Insurance Company or wonder the reasons associated with what to do or what details are needed or who to call or make a report to remedy your questions or file a claim to the best extent possible, then perfect! You have found the right article.
In this article, I will talk about facts that you need to know to help you out and benefit you the most that you can.
And by the way, if you can click here to learn more about the potentially FREE benefits that the government may provide people who are disabled or retired on a fixed income!
Quick Navigation Article Links
- Wilco Life Insurance Company
- What Wilco Life Insurance Does
- Wilco Life Ratings
- Warnings
- Are Policies Still Covered
- Laws to Cover Policy
- Wilco Quotes and File Claims
- Contact Wilco Life
- Seek Second Opinion
- Life Insurance No Visit From Salespeople
Who is Wilco Life Insurance Company
The founding of Wilco Life Insurance Company was in 1962. CNO Financial Group owns Wilco Life Insurance.
CNO has an A-rating from the BBB and A.M. Best, but nothing is found on Wilco Life Insurance. There seems to be no information about products or Wilco Life Insurance online as I had a difficult time finding anything.
People would like to find a website and contact information because there have been over 1300 searches per month looking for Wilco Life Insurance Company.
It is challenging to help guide your decision to stay with Wilco Life Insurance Company or on a fair comparison of Wilco and CNO having excellent products, considering their lack of marketing information and difficulty finding a website.
CNO Financial sold Wilco Life in 2014 to Wilton Re, a leading provider of in-force and reinsurance solutions in the North American life insurance industry located in Norwalk, Connecticut. Thus Wilco Life has been a subsidiary now of Wilton Re since Feb 20, 2021.
In a related story
Conseco Insurance Company is also a subsidiary of CNO Financial, and the company was merged along with Conseco Health Insurance Company into another CNO subsidiary, Washington National Insurance Company.
Dec 18, 2002
Finance company Conseco Inc and US Insurance filed the 3rd largest bankruptcy in US history for protection from its creditors.
What happened to Massachusetts General Life Insurance Company
is now Haven Life exclusively sells term life policies. In July 2020, Canadian-owned, Denver-based Empower Retirement announced it would be purchasing MassMutual’s retirement plan business for $4.4 billion-plus a contingency payout.
What does Wilco Life Insurance try to do?
Again, it’s pretty difficult to find any information about Wilco Life Insurance Company.
- Founded in 1962
- Owned by CNO Financial
- Headquartered in Carmel, Indiana
- Approximately 190 employees across its locations.
- Generates around $127 million in sales.
Wilco Life Insurance products can’t be found on any website. With the generated sales above $127 million, you might be able to get basic life products like whole life and final expense insurance.
Whole life insurance will last until maximum age 121 as long as you continue paying your monthly premium because it is a permanent life policy. You can many times borrow a cash value against your policy like a loan.
Final expense insurance offers coverage for burial and funeral costs and is more affordable.
The good news is that we can get a better price for coverage out there in many circumstances than a lot of other carriers can provide.
We have helped many people even with a history of heart issues, strokes, diabetes, cancer, lung problems, and more.
We will be able to tell you within 5 minutes, without any obligation, that we can help you access free government benefits that you couldn’t previously have while gaining back some of your money spent already.
- An Independent Broker Professional that can get access to all of the best carriers in your area. is possible.
- We are Independent Broker Professionals that can shop around for the absolute best program that suits you.
It is easy to fill out the free quote form to the right of your screen or call us at 1-888-626-0439.
Wilco Life Insurance Company Ratings
A BBB Better Business Bureau rating does not exist for Wilco Life Insurance Company. CNO Financial does have a BBB rating of A- and
5 complaints by customers and only a 1/5 star rating.
There is also no financial strength rating from A.M. Best. CNO Financial has b-. This means a good ability to handle long-term debts.
There is also no (NAIC) National Association of Insurance Commissioners
number anymore for Wilco Life Insurance Company. Bankers Life, CNO’s Financial primary subsidiary, has an NAIC number through Bankers Conseco, which CNO sold in 2014.
Warnings
Reference January 2020 Class Action Suit Filed
In Anderson v. Wilco Life Insurance Co., the plaintiff filed in state court a putative class action for breach of contract and the implied duty of good faith and fair dealing, alleging that the defendant insurance company overcharged her and putative class members for life insurance premiums. In addition to seeking money damages for the overpayment of allegedly exorbitant premiums, the plaintiff sought declaratory and injunctive relief that would require the defendant to reverse past premium rate increases and reinstate all life insurance policies that were surrendered or had lapsed due to the increases. The defendant timely removed the matter to federal court under CAFA. To establish CAFA’s $5 million amount-in-controversy requirement, the defendant presented evidence that 581 insurance policies subject to the putative class action had lapsed or had been surrendered during the relevant time, and the aggregate face value of the 581 policies was $75 million.
Will We Still Be Covered by Wilco Life
State Insurance departments regulate and monitor Insurance to primarily protect policyholders from the risk of financial distress.
State Governments protect policyholders if the company goes out of business with state insurance regulators who monitor life insurance companies’ financial well-being.
When a company is in trouble financially, the commissioner residing in the company’s home state to help in a process the troubled company to regain financial footing. This is dictated by state law and is known as a period of rehabilitation.
If, for some reason, the company can’t be rehabilitated, then it is declared insolvent. The commissioner then asks the state court to order the company to be liquidated.
Your Coverage Protected by Law
Most states follow the NAIC Model Act to provide coverage of at least the amounts below:
(check your state association’s website to confirm your levels in your state)
- Total of $300,000 in life insurance death benefits
- Total of $100,000 in cash surrender or withdrawal values for life insurance
- Total of $250,000 in the present value of annuity benefits, including net cash surrender/withdrawal values
- Total of $500,000 in major medical or basic hospital, medical and surgical insurance policy benefits
- Total of $300,000 in long term care insurance policy benefits
- Total of $300,000 in disability insurance policy benefits
- Total of $100,000 in other health insurance benefits
What if the Insurer still can’t pay
If the company still falls short of funds to pay the policyholders, then there are state guaranty associations that will be activated to provide 2 main sources of funding.
- Subrogation rights of the company’s assets to proportion out to the policyholders. The assets, many times are large, can pay the covered claims.
- Insurers have assessed a share in an amount that is required to meet the associated guaranty claims that are not funded with estate assets based on premium amounts collected in that state.
Can I Get a Quote and File a Life Insurance Claim with Wilco Life Insurance?
Again no website to determine insurance quotes so you may be able to do this by locating an agent who sells the Wilco Insurance products or by calling (317) 817-6100.
The same goes for if you need to file a claim, unfortunately, it is the case for lack of information available.
Contacting Wilco Life Insurance Company
Wilco Life Insurance Company Customer Service phone number can be reached at (317) 817-6100.
Wilco Life Insurance Company is located at 11825 Pennsylvania Street, Carmel, IN 46032.
Wilco Life doesn’t present itself as a reputable company, and its customers seem unhappy. Important to seek a second opinion to trust and get the truth.
Seek A Second Opinion
- Do your research
- Be informed
- Get all the truth
Good news is that in many circumstances, we can get a better price for coverage out there than a lot of other carriers can provide.
We have helped many people even with a history of heart issues, strokes, diabetes, cancer, lung problems, and more.
We will be able to tell you within 5 minutes, without any obligation, that we can help you.
It is easy to fill out the free quote form to the right of your screen or call us at 1-888-626-0439.
Want Life Insurance But Not The Salespeople Visiting? We Have The Right Solution!
Here at Buy Life Insurance For Burial, you’ve got lots of different options. And many times, you could even qualify for a better policy that will start immediately.
We can help you to get burial insurance quotes for:
- For both your spouse and Yourself.
- Also for Your parents
- And for Elderly people 86 and older
- Additionally, for Your siblings and for your adult children
- Helpful for Seniors that have bad health using no questions asked life insurance.
We have a sole purpose of getting you more choices that are tailored for your family and you so you have the best possible insurance that you decide and what is more important to you. The best coverage for the best price at the end of the day.
It’s easy to get more information:
- By simply filling out the form that you see on your screen or at the top of your phone, you can get the necessary information where you see the words Get Your Life Insurance Quote Now.
- If you instead prefer to call, you can speak to one of our friendly representatives at 888-626-0439 about the many options that you could qualify for.
Also free government benefits:
In just a few minutes, you can get access to free government benefits that you didn’t previously have and gain back some of the money you have spent already.
- An Independent Broker Professional that can get access to all of the best carriers in your area. is possible.
- We are Independent Broker Professionals that can shop around for the absolute best program that suits you.
Compare, and You will be happy you took the time.