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Conseco Insurance Declares Freedom from Surrender Charges with Conseco Patriot

Carmel, Ind. July 5, 2005 — Conseco Patriot—a new indexed annuity introduced today by Conseco Insurance Company—offers the opportunity for long-term growth without long-term restrictions. This 12-year, flexible-premium product gives clients the freedom to withdraw up to 100% of earnings without surrender charges.

“Conseco Patriot presents a great sales opportunity for agents,” said Tom Blackburn, senior vice president and national sales director for annuity products for the Conseco insurance companies. “With this new indexed annuity, Conseco Insurance is offering competitive commissions on a product with highly sellable features. We think it’s a rewarding combination of benefits for our customers, our agents and our marketing organizations.”

With Conseco Patriot, clients can allocate funds among the product’s three growth options and can change their allocations on each contract anniversary.

  • The S&P 500 ® Index options are based on either monthly averaging or point-to-point crediting methods. Both options provide index credits based on the gains of the S&P 500 Composite Stock Price Index ® (S&P 500). These options feature an annual reset and are 100% participation rate-guaranteed.
  • A one-year, fixed-rate option provides a traditional fixed-interest rate, guaranteed on initial premium for the first contract year.

Through its riders, Conseco Patriot offers extra value at no additional cost for clients. A nursing care rider allows 100% access to account funds without surrender charges. A terminal illness rider permits clients to withdraw up to 75% of contract value without surrender charges.

Marketing organizations and agents are encouraged to learn more about Conseco Patriot and Conseco Insurance Company by calling (888) 266-6002.

The Conseco insurance companies serve nearly 5 million customers across America. Conseco’s cancer, heart/stroke, accident and Medicare supplement policies protect people against major unplanned expenses; Conseco’s annuities and life insurance products help people plan for their financial futures.

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“S&P 500 ®”is a trademark of The McGraw-Hill Companies, Inc., and has been licensed for use by Conseco Services, L.L.C. The Conseco Patriot annuity is not sponsored, endorsed, sold or promoted by Standard & Poor’s ®, and Standard & Poor’s makes no representation regarding the advisability of purchasing this product.

Indexes do not reflect dividends paid on the stocks included in the index.

The Conseco Patriot and its riders are subject to state availability.