Press Releases

Carmel, Ind. February 7, 2005 — Conseco Insurance Company today introduced its newest annuity product, Conseco 7. This new product offers a 7% bonus on all premiums paid throughout the first year of the policy, plus seven growth options.

With Conseco 7, clients have the freedom to allocate funds among the product’s growth options as they wish. They can place all funds in one option, or allocate funds as they wish among two or more options.

• The S&P 500 ® Index options —available with monthly averaging or point-to-point crediting methods—provides index credits based on the gains of the S&P Composite Stock Price Index ®. This option features an annual reset.
• The S&P MidCap 400 Index options —available with monthly averaging or point-to-point crediting methods—provides index credits based on the gains of the S&P MidCap 400 Index, a measurement of the performance of the midsize-company segment of the U.S. market. This option features an annual reset.
• The Russell 2000 ® Index options —available with monthly averaging or point-to-point crediting methods—provides index credits based on the gains of the Russell 2000 Index, a measurement of the performance of the 2,000 smallest companies in the Russell 3000 ® Index. This option features an annual reset.
• A one-year, fixed-rate option provides a traditional fixed-interest rate, guaranteed on initial premium for the first contract year.

Upon each contract anniversary, Conseco 7 gives clients the ability to change the direction of their contributions, with no restrictions on allocations or transfers.

“With Conseco 7, Conseco Insurance Company offers a strong value to both clients and agents,” said Tom Blackburn, senior vice president and national sales director of annuity products for the Conseco insurance companies. “Conseco 7 can help clients maximize their retirement savings opportunities, by allowing them to diversify across the domestic market while simultaneously matching their first-year premiums with a 7% bonus.”

Conseco 7 is a 15-year, flexible-premium product. Additional benefits available with Conseco 7 include a nursing care rider and a terminal illness rider, both available at no additional cost.

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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The Conseco 7 annuity and its riders are subject to state availability.

“S&P 500 ®” and “S&P MidCap 400” are trademarks of The McGraw-Hill Companies, Inc., and have been licensed for use by Conseco Services, L.L.C. The Conseco 7 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.

The S&P 500 Composite Stock Price Index and S&P MidCap 400 Index do not reflect dividends paid on the stocks included in the index.

This contract is not promoted, sponsored, endorsed or in any way affiliated with Frank Russell Company. Frank Russell Company is not responsible for and has not reviewed this contract nor any associated literature or publications, and Frank Russell Company makes no representation or warranty, express or implied, as to their accuracy, or completeness, or otherwise.