Press Releases

Carmel, Ind. February 16, 2006 -- Washington National Insurance Company, a subsidiary of Conseco, Inc., today announced its return to the 403(b) market with the Educators’ Choice series of tax-sheltered annuities. Offering first-year premium bonuses and strong agent compensation, these new annuity products complement the extensive worksite portfolio offered by the Conseco insurance companies.

The Educators’ Choice series consists of the following products:

• Educators’ Choice I – an eight-year modified single-premium, deferred annuity offering an initial interest rate of 4%
• Educators’ Choice II – a six-year flexible-premium, deferred annuity offering an initial interest rate of 4%
• Educators’ Choice Index I – an eight-year modified single-premium, indexed annuity with eight crediting options and choice of monthly averaging and point-to-point crediting methods
• Educators’ Choice Index II – a six-year flexible-premium, indexed annuity with eight crediting options and choice of monthly averaging and point-to-point crediting methods

Washington National will support the launch of these competitive new products with dedicated service from its home office support team. The company’s Worksite Integrated Services team provides each agent with a relationship manager, who serves as a single point of contact for service. Agents have direct access to the company through this team, making it easy to do business with Washington National.

Mike Dubes, president of the Conseco insurance companies, directs an experienced team of TSA market leaders at Washington National. “We’ve talked with independent agents across the country who have enjoyed past success with the Washington National brand,?? he said. “We are pleased that so many of them recognize this tremendous sales opportunity and have partnered with us in our return to this market with the Educators’ Choice series.??

Washington National recently participated as an industry sponsor at the National Tax-Sheltered Accounts Association’s 2006 National Conference in Indian Wells, California, where the Educators’ Choice products were previewed for attendees.

Agents who are interested in learning more about Washington National and the Educators’ Choice series can call (800) 689-0240, ext. 7566.

The Conseco insurance group, comprised of the insurance company subsidiaries of Conseco, Inc. (NYSE: CNO) based in Carmel, Indiana, serves over 2 million customers across America. The Conseco insurance companies offer supplemental health and life insurance products and annuities to working families and seniors.

- # # # # -