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Veteran Insurance Operations Executive Joins Bankers Life and Casualty Company

Chicago, Ill., November 1, 2004 -- John W. Wells, 54, has joined Bankers Life and Casualty Company, Chicago, as senior
vice president of Operations. Wells will manage "back office" operations such as customer service, underwriting, new business, claims, operations support and administration for the national company, which focuses on the insurance needs of seniors.

"We're looking for John to make an immediate contribution to our day-to-day activities," said Scott Perry, executive vice president and COO of Bankers. "He brings a 25-year record of achievement to the job and that experience will be critical as we continue with a very ambitious growth plan for our field operations."

The Georgia native comes to Bankers after four years as senior vice president of the Customer Service and Medicare Divisions of Mutual of Omaha. Wells also served for 21 years as senior vice president of Insurance Operations at Jefferson Pilot Financial, Concord, N.H., formerly Chubb Life.

Wells earned a B.S. in business administration from Auburn University and achieved his CPA designation and accountancy license from the State of Tennessee in 1982.

About Bankers Life and Casualty Company
Established in 1879 and headquartered at the historic Merchandise Mart in downtown Chicago, Bankers Life and Casualty Company focuses exclusively on the financial security needs of seniors. The company offers a broad portfolio of health and life insurance and retirement savings products designed especially for seniors. These products are distributed through a national network of professionally trained company agents. Visit us online at www.bankers.com.

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