Coventry Direct Reviews

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Coventry Direct

Overall Rating

4.7

143 Customer Reviews

Summary

Coventry Direct is a life settlement company that can purchase your life insurance policy for more than the surrender amount, but less than the death payout. Learn what customers are saying about this service

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Customer Reviews

4.7 Stars out of 143 Reviews
5 Star:87% 4 Star:5% 3 Star:0% 2 Star:1% 1 Star:5%
92% Recommend This Service
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Posted on May 1, 2017

Denial

By Lillie Smith, Lumberton, MS, Verified Reviewer

They say if you no longer can afford your policy, that they would buy it. Fraud advertising. paper workI have a 100,000 policy, and they received all my paperwork. Then I was denied since I Wasn't about to drop dead or meet their requirements. They have all my medical papers and I have requested them back. I have yet to receive them. This is a company seeking your information, false advertisement.

Bottom Line: No, I would not recommend this to a friend

Helpful Review? 35 People Have Voted

Posted on Jul 12, 2017

Lies and B.S. and foot-dragging!

By Frank Durham, Idaho, Verified Reviewer

Well, I wish I would have seen this when I "trusted" Billy to get me something for my $350,000 life insurance policy. Problem is that until he and his company were nearly two months into the review, no one had the idea to check with my company and talk about "converting" the policy! Well, the idiots, "Billy" found out that we were a month late in asking that question! So we could have converted the policy with "no medical questions" to a frozen premium of about $764 for the next 35 years, which would have made the product of interest to a buyer! So because "Billy" was (is) clueless, all I got from was "sorry!"

"Sorry" won't pay the bills! Do not trust this company; I am sorry I did!

Bottom Line: No, I would not recommend this to a friend

Helpful Review? 24 People Have Voted

Posted on Jan 29, 2018

Cherry pickers

By Alan Barroso, Rhode Island, Verified Reviewer

They are scammers. Their only interest is to make money from your life settlement. They cherry pick. They were not interested in my insurance policies that totaled Two Hundred Thousand.

Very pleasant in the beginning, but bad communication. They say we'll work with you, but don't.

Don't waste your time on them. They are only interested in making money and not interested in your life situation.

Bottom Line: No, I would not recommend this to a friend

Helpful Review? 35 People Have Voted

Posted on May 14, 2019

Did not help.

By Randy S., Georgia, Verified Reviewer

I recently had a heart attack. I have a term policy that will expire in a year and a half. I was told that it would not be a problem and they could help. I am in need of help for some medical bills. After two weeks, I get a phone call that the policy would cost too much, after two weeks of promising they could help. I just hope I die in the next year and a half. They are a hoax.

Bottom Line: No, I would not recommend this to a friend

Helpful Review? 15 People Have Voted

Posted on Aug 1, 2019

Not what the TV ad lets you believe

By Robert C., Grand Rapids, MI, Verified Reviewer

I saw the TV ad showing the older couple happy and healthy, discussing selling their policy to Coventry. The purpose of this couple selling was to have extra money for vacations, medical, and other necessities. I contacted Coventry because I have a term life insurance policy for a significant amount of money. The agent called me and we reviewed the opportunity which I told them that I was open to selling my policy. However, after going over my history being well over 60 years old they told me I was too healthy to consider buying my policy from me.

Watching the TV ad nothing is mentioned about being on or near the deathbed. This is totally deceptive advertising as they could easily make that very clear. The FTC commission should review.

Bottom Line: No, I would not recommend this to a friend

Helpful Review? 12 People Have Voted

Posted on Sep 26, 2019

Liars

By Gerald B., Tulsa, OK, Verified Reviewer

After reviewing my health questions, they said that although I was 72, I wasn’t dying so they didn’t want to purchase the last 3 years of my term policy. These crooks only want terminal folks. Doesn’t say that in their ad, does it.

Bottom Line: No, I would not recommend this to a friend

Helpful Review? 9 People Have Voted

Posted on Oct 13, 2019

All fraudulent advertising and a scam.

By Dr Ronald F., Virginia, Verified Reviewer

Have serious and chronic medical problems halting my work as a physician. Applied to sell a $100,000 life policy. Tons of medical documentation supporting the need.

Coventry wasted over a month collecting my Medicals for blood cancer. Heart attacks and more. I’m on disability.

They came back refusing to buy my policy. "I’m not sick enough". They only want those on deaths bed to buy so they do not have to pay out much in premiums or a sale.

DO NOT WASTE your time with this company. They are fraudulent with false advertisement all over.

If you are in hospice with a week to live, they give 1/3 of the policy I hear from other dissatisfied people.

A scam and misleading company.

Bottom Line: No, I would not recommend this to a friend

Helpful Review? 10 People Have Voted

Posted on Jan 11, 2020

Not as advertised

By Monica H., California, Verified Reviewer

I responded to the TV commercial about selling my term life insurance. The ad says to call to see if your POLICY qualifies...turns out it has nothing to do with your policy. I was told that even though I am 66 now I didn't qualify because I am too healthy!

But they did explain that if my health status changed (for the worse of course) then I could call back. So they apparently are only interested in buying your life insurance policy if they won't have to pay your premiums too much longer!

Bottom Line: No, I would not recommend this to a friend

Helpful Review? 8 People Have Voted
Showing 136-143 of 143

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