Your voice has a chance to be heard now! scamion.com - we bring changes together.

report scam

Zander Insurance Group


Country United States
State Tennessee
City Nashville
Address 6213 Charlotte Pike
Phone 615-356-1700
Website http://www.zanderins.com/

Zander Insurance Group Reviews

  • Aug 10, 2017

I went through the online quote submission with this insurance agency for disability insurance and was given a max benefit amount of $3660 per month based on my income, and a quote. I proceeded to fill out the application. The next day, I received an email with the proposed policy coverage and a NEW quote, which was around $136 a month. No big deal. However, after reviewing the coverage, it said my benefits were as follows:

Total Disability Monthly Benefit $1,860

Supplemental Disability Income Rider Monthly Benefit** $1,800

Total Monthly Benefit $3,660

* 180 day elimination period for the SDIR

** less any Social Insurance Benefits received (described in Rider Descriptions section)

So basically the benefit is really $1,860 a month because if I file for social security disability, the "supplemental disability income rider" will be reduced by whatever social security pays me, which according to my latest SSA report, would be around $1800 a month.

So if I want to eliminate the "supplemental rider" my benefit would be $1860 and the premium would be $83.68 a month.

THIS SHOULD HAVE BEEN EXPLAINED IN WRITING BEFORE THE APPLICATION WAS TAKEN!

The benefit amount when I went through the process was $3660 and there was no legal wording or an asterisk about a reduced benefit rider. Since my income is well above the $3660 the policy pays, of course I would file for SSA benefits. I never would have filed the application and gave them all of my personal info if I had known upfront about this reduced benefit rider. In addition, social security should have nothing to do with this purchase! The SSA benefit is my benefit I have paid for all my life. The insurance company is a private company and has no connection with SSA and I should be able to get $3660 AND my SSA benefit if needed.

And let's just say I decided to keep the policy the way it is, and in four years I have to use it, and I also elect to file for social security disability, there is nothing written about getting any kind of premium refund for the amount of the supplemental rider benefit I would LOSE. So in essence, they get to charge $136 a month for $3660 in coverage, but don't have to worry about any premium refund if my benefits are reduced.

This is almost like a violation of TILA law, except this isn't financing. But there is no disclosure of anything before the app is taken. Of course not!! In insurance, they set goals for the number of applications taken! Who cares about disclosure? Get them hooked and deal with the explanations later.

  • Jan 19, 2017

I became interested in Life Insurance after several friends persuaded me to look into it. On October 24, 2016 I spent the better half of the day researching companies and submitting quotes. This was a grueling task because each company asks about a hundred questions. I then received quotes from all of the companies via email.

Zander Insurance Group quoted $434 for $1M coverage for a term of 20 years. Other companies were higher and ultimately I chose to begin the process with Zander (my mistake, I thought Dave Ramsey's endorsement of Zander was credible).

Over the course of the next EIGHT weeks, I submitted medical records, blood work and waited for their approval. I was approved on December 22 and was told that final paperwork would be mailed to me to sign. This was very exciting for my family. About a week later I got the pacakage in the mail and immediately began filling out all of the paperwork. Once I was FINISHED signing all of the documents, I proceeded to look through the rest of the information. ON THE LAST PAGE, it was nearly HIDDEN that the new charge would be not $434 per year, but $4584 each year.

I immediately called Zander Insurance Group to question this increase of over 1,000%. They explained that the initial quote was just that, a quote, and the final price can be slightly higher than originally quoted. Keep in mind that I only received this quote after already answering about 100 questions over the phone regarding my health history. The representative was very rude on the phone and basically blew me off when I told her that I would not be signing up.

I then persued another company that originally quoted a higher price. In less than 2 weeks I was approved for the same coverage for $930 per year (over 4 times less than Zander).

So in conclusion, don't waste your time with ZANDER INSURANCE GROUP. Zander is a scam who wastes 8 weeks of your life going without life insurance. Once they know that you are on to their con, they drop interest in offering honest service. I let them know that I would be filing this statement on this website so I'm curious to see what excuse they make up. Keep in mind that their initial quote was AFTER i told them my entire health history.

Write a Review about Zander Insurance Group