Press Releases

Carmel, Ind. May 8, 2006 -- Conseco Insurance Company today introduced its newest supplemental health product, Cancer Secure(SM). This new cancer insurance product enables agents to offer supplemental coverage with simplified choices.

The need for supplemental cancer insurance is great. The National Institutes of Health estimate the cost for cancer treatment in 2005 at $209.9 billion. Nearly two-thirds of these costs are considered to be “non-medical?? according to the American Cancer Society, meaning that major medical, Medicare supplement and Med Advantage won’t pay. A 2005 Harvard study revealed that 50% of personal bankruptcies filed in the United States are attributed to unexpected medical bills, and cancer caused the highest out-of-pocket costs.

Cancer Secure is a lump-sum cancer product, designed to meet the supplemental cancer insurance needs of the working and senior markets. It can be offered to individuals aged 40 to 85. The product offers simplified underwriting with unisex rates (non-tobacco and tobacco).

Cancer Secure offers two simple plan options. Plan A pays the policyholder a first-occurrence, lump-sum benefit upon confirmed diagnosis of an eligible internal cancer, with benefit amounts ranging from $10,000 to $50,000. Plan B pays a first-occurrence, lump-sum benefit along with a wellness benefit and continuing-care benefits, including inpatient hospital confinement payments and radiation/chemotherapy benefits.

Both plans include a Health Advocate feature that provides diagnosed policyholders help with navigating the complex healthcare system. A registered nurse is available 24 hours a day, 7 days a week to help make phone calls, assist with medical billing questions, resolve insurance claim concerns and make other necessary arrangements associated with cancer treatment.

“Cancer Secure is a great product for reservicing existing clients, now that Medicare Advantage and Part D open enrollment is concluded,?? said Ron Bendes, senior vice president and national sales director of health insurance products for the Conseco insurance companies. “It requires only a brief sales presentation and pays first-year commissions up to the age of 85.??

Bendes continued, “On top of that, the Conseco insurance companies have never raised a premium on an existing cancer policyholder. That’s great peace of mind for clients who are concerned with rising premium costs on major medical, Medicare supplement and Med Advantage plans.??

Agents who are interested in contracting with Conseco Insurance Company or learning more about Conseco’s supplemental health products should call (866) 266-1570.

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.

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