Conseco Life Insurance Co. agreed to establish a $10 million fund and pay a $1 million “monetary assessment” to settle a multi-state complaint regarding its handling of policy increases for its Lifetrend product in 2008.
See more: Bankers Life and Casualty Co., CNO Financial Group, Conseco Health Insurance Co., Conseco Insurance Co., Conseco Life, consumer complaints, Florida Office of Insurance Regulation, Kevin McCarty, Lifetrend, policy language, settlement, Washington National Insurance Co.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.

