Conseco Finance

Conseco Finance or Conseco was incorporated in 1979. Previously, it was known as Security Life of Indiana. Conseco is a leading financial services provider in the U.S. headquartered in Carmel, Indiana.

Conseco is a public company. With the help of its insurance subsidiary companies, Conseco offers services related to life insurance, health insurance, annuities, and various other products. The customer base of Conseco in the United States has crossed 4 million. The distribution of the products of Conseco is carried out to the customers through carrier agents, independent agents, as well as directly with the help of television advertisements and direct mail.

The insurance operations of Conseco was started in 1982. Conseco was converted into a public company in 1985.

Conseco is a Fortune 500 Company. The common stocks of Conseco, Inc. are traded in the New York Stock Exchange under the symbol CNO.

The products and services of Conseco Finance can be categorized into the following types:

Health Insurance:Conseco health insurance provides a wide range of health insurance products:

• Medicare Supplement: It offers protection against unpaid expenses of Medicare
  
• Cancer Insurance: It facilitates to cover those expenses, which the principal medical coverage doesn't cover
  
• Hospital Insurance: It facilitates to cover expenses related to a hospital stay
  
• Heart/Stroke Insurance: It facilitates to pay those expenses, which the principal medical coverage doesn't cover
  
• Accidental Injury Insurance: It covers a portion of the expenses which the principal medical coverage doesn't cover

Life Insurance: The life insurance products of Conseco can be categorized into four types:

• Term Life Insurance: It offers straightforward coverages which cover the customer for a specific period of time.
  
  
• Equity-Indexed UL (Universal Life) Insurance: It offers permanent coverage with a cash value attached to the stock markets.
  
  
• Whole Life Insurance: It offers permanent coverage which accumulates cash value along with guaranteed premiums.
  
  
• Universal Life Insurance: It offers permanent coverage which is flexible for meeting the needs of the customers and accumulates cash value.

Annuities: Conseco Insurance company provides a wide range of fixed annuities. Two of their most popular annuities are the following:

• Traditional Fixed Annuities: This is a fixed annuity where the interest rates are guaranteed for a certain period of time or the whole contract.
  
  
• Equity-Indexed Annuities: This is a fixed annuity where the earnings are attached to the S&P 500 and a lifetime guarantee so the customer does not have to pay a penalty if the market has a downward trend.

Other products: Besides insurance and annuity products, Conseco provides a wide range of financial products related to:

• Auto Insurance
• Home/Renters Insurance

Conseco also offers some financial tools which include the following:

• Retirement Calculator
• College Calculator
• Life Insurance Calculator
• Loan Calculator

Conseco offers online insurance services to its customers. With the help of this service, the following accounts can be accessed by the customers online and they are also able to view their account details and make quick updates.

• Annuity - Washington National Insurance Company (WNIC)
• Accidental Injury/Disability
• Cancer
• ICU
• Heart/Stroke
• Medicare Supplement (post Jan. 1999 issue)
• Hospital Indemnity

In 1998, one of the biggest financial service providers for mobile homes, GreenTree Financial was purchased by Conseco and the purpose was diversification into customer financial services. However, GreenTree was sold in 2003, and Conseco is presently focusing on insurance business only.

Contact Details:

Conseco, Inc.
11825 North Pennsylvania Street
Carmel, IN 46032

Key person: James Prieur, Chief Executive Officer